EuroWire November 2024

Corporate News

Poland and India expansions for spring manufacturer

Investments have been made at Alcomex’s standard stock door spring operation in Pune, India. Enabling advancements in cutting-edge technology, pro- duction lines, storage and shipping facilities, the recent funding expands capabilities in line with market predictions for the European and American residential and industrial door spring markets. Ola Tengroth, CEO of the Lesjöfors Group, said, “We’re proud to have Alcomex as one of our brands. These recent investments support their and our vision and tactical market growth, all of which has added to our global market expansion and opened new markets for our springs, pressings, gas springs and metal belt manufacture and supply.” Conrad Hietink, managing director of Alcomex, commented, “Since 2016, our share of the European door spring market has grown, and I am so proud of everything our team has achieved. We look forward to ongoing expansion over the next decade.” Headquartered in the Netherlands, with production and distribution centres around the world, Alcomex was acquired by the Lesjöfors Group in 2021. Lesjöfors Group www.lesjoforsab.com

Spring and pressing manufacture Lesjöfors Group has increased its operations in Eastern Europe with the opening of a new manufacturing facility in Poland, alongside its subsidiary Alcomex. Investments have also been made in India. The new production site in Marki, Poland, divides the custom made tension and torsion spring manufacturing specialisms across two dedicated sites and enables the production and assembly of increased spring volumes, in line with customer demand.

Stock at Alcomex’s factory

Montage Partners invests in Military Fasteners Montage Partners, a private equity firm headquartered in Scottsdale, Arizona, USA, has invested in Military Fasteners), a distributor of mil-spec fasteners primarily to customers in the aerospace and defence industry. Alongside incoming CEO David Ficadenti, Montage Partners is providing capital to further accelerate the company’s expansion. Montage Partners. “Underpinning the company’s rapid growth and success has been a laser focus on exceeding customer expectations with every order placed, day in and day out. We have tremendous respect for what’s been built to date and look forward to driving further innovation and customer success with David at the helm.” Future plans include

Fasteners has a truly novel business model in the aerospace and defence industry, and I’m excited to work with director of operations Rebekah Disser and the rest of the team to further accelerate the company’s success.” investments in people, marketing and business development to further expand the company’s market share, as well as opening a distribution facility in Phoenix, Arizona, USA, which will further reduce shipping times and allow the company to better serve customers in major US aerospace and defence hubs such as Dallas, Los Angeles, Phoenix, Seattle and Wichita. Ms Disser will remain in her role as director of operations and work with Mr Ficadenti to implement strategic initiatives. Montage Partners www.montagepartners.com Military Fasteners https://military-fasteners.com

Mr Ficadenti, who has spent the majority of his career in the aerospace and defence industry, was most recently vice president, corporate development and licensing at Honeywell. He held full P&L responsibility for Honeywell’s strategic licensing business and presided over legacy product line monetisation and channel partner repair aftermarket. “I’m thrilled to be partnering with Montage Partners to lead Military Fasteners into the next phase of growth,” stated Mr Ficadenti. “Montage’s people first philosophy aligns with my leadership style and values, and we both take a long-term approach to investing. Military

Military Fasteners was founded in 2016, as a first mover in eCommerce sales, targeting procurement professionals who are “digitally native” and prefer making online purchases. Having a large and diverse fastener part selection readily available for rapid online procurement and fulfilment has led to the company expanding its revenue by nearly five times since 2019. “Military Fasteners plays a critical role in the aerospace and defence supply chain, given the importance of minimising fleet downtime during maintenance, repair and overhaul operations,” said Rob Wolfman, co-managing partner of

Graphics bigstockphoto.com/Artist tereh

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www.read-eurofasteners.com

November 2024