EuroWire September 2022

Corporate News

MW expands threaded fastener products through Ideal acquisition

Lesjöfors president Ola Tengroth said, “Through this acquisition, we increase our market share in the US significantly by more than doubling revenue in the region. John Evans’ Sons has a long, successful history and we are excited about what we can achieve together.” SamDavey and Pate Banmiller, the current owners and co-presidents of John Evans’ Sons, will remain in their operational roles to continue to develop the business, and the company will continue to operate under its own brand and management. Lesjöfors AB www.lesjoforsab.com its global customer support philosophy, with branch offices in North America, Europe and Asia that provide products with faster service and on-time delivery. For technical support and services, Lamons provides custom-engineered solutions, reverse-engineering solutions, speciality machined parts, prototype machining, training and field support. As the world transitions to clean energy and net-zero carbon emissions, Lamons has focused on supporting renewable industries such as wind, geothermal and alternative fuels. Lamons Manufacturing and Service www.lamons.com countries with product lines including springs, fasteners, bellows, couplings and shims. With more than 30 manufacturing facilities worldwide, MW Industries group companies serve over 19,000 businesses in sectors such as life sciences, automotive, aerospace, electronics and energy. MW Industries, Inc www.mwcomponents.com Ideal Fasteners https://idealfasteners.com

“Ideal Fasteners is the perfect addition to the MW Industries family,” said Simon Newman, CEO of MW Industries. “At a time when customers want components faster than ever before, businesses need to be able to quickly source a variety of parts from a single provider.” Ideal Fasteners will join MW Components, a division of MW Industries that specialises inmanufacturingprecision components at speed and scale. The combined company will support customers in more than 75

MW Industries has acquired Ideal Fasteners, a manufacturer of threaded fasteners. The acquisition expands MW Industries’ existing USA-based manufacturing locations to provide precision components for worldwide distribution. The combined company will offer an increased selection of stock, standard and custom socket caps, button sockets, flat socket caps and other threaded fasteners, along with a wide variety of highly engineered metal and plastic components.

Lamons celebrates 75 years in manufacturing Lamons Manufacturing and Service Company, a manufacturer of fasteners, gaskets and hoses, is commemorating its 75 th anniversary in 2022. “We are extremely proud to reach this milestone – 75 years of innovation in safety sealing and attachment solutions,” said Marc A Roberts, CEO of Lamons.

Kris Beezley, VP of strategic business development, added,“Apivotalpoint inour success came when we decided to create a one-stop experience for our customers. Rather than only producing gaskets, we expanded our product offerings to include standard and speciality fasteners and hose assembly, which enabled us to provide total solutions for our customers.” Throughout its history, the company has continually improved and innovated to better serve its customers and industries. A cornerstone in achieving this has been

Founded in 1947 by WA Lamons, the company began by providing gaskets to the oil, gas and petrochemical industries. In 1997, Lamons purchased Industrial Bolt and Gasket in Beaumont, Texas, USA. Its 2010 acquisition of South Texas Bolt and Fitting turned the company into a speciality fastener manufacturer. In 2019, Lamons became part of the First Reserve family, a global private equity investment firm exclusively focused on energy.

Lesjöfors expands in US with acquisition Lesjöfors, part of the Beijer Alma group, has signed an agreement to acquire the assets and operations of US spring manufacturer John Evans’ Sons Inc. With this acquisition, Lesjöfors will strengthen its US presence and increase its sales to the medical industry. industrial, construction, aerospace and transportation industries. The acquisition will also enable other opportunities for growth, such as purchasing coordination, cross-selling and resource/knowledge sharing with Lesjöfors’ other US companies.

John Evans’ Sons, founded in 1850, is said to be the oldest spring maker in the USA. The company has a diversified customer base with long customer relationships, attributable to its expertise and ability to support customers early on in their product development projects. Revenue mainly stems from customers within the medical industry but also from the

Beijer Alma CEO Henrik Perbeck commented, “I am excited about this acquisition, which, following the acquisition of Plymouth in December 2021, underlines Lesjöfors’ potential and ambition to increase scale in the US and build the leading spring, wire and flat strip component group.”

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September 2022