EuroWire September 2024

Corporate News

Lesjöfors Group acquires UK spring manufacturer

Lesjöfors CEO Ola Tengroth commented, “Clifford Springs is an established brand with extensive technical capabilities and a broad customer base. “This acquisition expands our group’s product offering, increases our footprint in the attractive niche segment of seals and valves, and strengthens our presence across the globe. “We look forward to continuing to develop Clifford Springs, as part of the Lesjöfors Group, and see great potential in accelerating their growth through our sales channels.” Clifford Springs CEO John Clifford, who will continue in his operational role after the acquisition, said, “We are delighted

The Lesjöfors Group has purchased Clifford Springs Ltd, a spring manufacturer based in Redditch, UK. Expanding Lesjöfors Group’s parent owned sites to six within England, this latest acquisition grows the Lesjöfors worldwide network of manufacturing and sales sites to more than 50. It also broadens the group’s global product offering with Clifford Spring’s seal energising technologies. Clifford Springs, with an annual revenue of approximately £3mn, manufactures and supplies an extensive range of springs including canted, PEEK, helical, meander, continuous top rail and anti extrusion springs for markets globally. TR Fastenings Manufacturing, now part of the Trifast plc group of companies, is celebrating the launch of its Chinese manufacturing facility in the key industrial city of Dongguan, in the Guangdong Province. As a centre of innovation and technology, Guangdong provides the location for TR to produce its precision-engineered screws for OEMs and their sub contractors, while leveraging its global scale on a local basis. The new 2,800m 2 of manufacturing space houses 44 cold forging machines and 36 thread rolling machines, producing 0.6 to 4mm micro screws and thread forming screws in steel, stainless and titanium, with an output of around one billion pieces per year. TR Chai Yi has achieved the globally recognised ISO 9001 certification, demonstrating that it has met the stringent criteria required for quality, safety and efficiency standards for its products and services to customers in the region. Jeremy Scholefield, Asia Pacific managing director, commented, “We’re delighted to open this new facility and in such a renowned area – it’s such a positive move for TR as a group. Chai Yi Precision

Clifford Springs has become part of Lesjöfors Group

to welcome the Lesjöfors Group as the new owner of Clifford Springs. We are proud of everything we have achieved to date and look forward to progressing our success even further, as part of the Lesjöfors Group’s expansive network of leading spring manufacturers.” Lesjöfors Group www.lesjoforsab.com Clifford Springs Ltd www.cliffordsprings.com

TR Fastenings opens new facility in China

“This latest investment is key for us, as it highlights TR’s robust development in the region and our commitment to staying close to key customers here.” The new plant is the company’s seventh global manufacturing facility, with factories also in Italy, Singapore, Taiwan and Malaysia. TR Fastenings www.trfastenings.com

“Our focus is on producing competitive products and continuing to build a strong capability in China and across the Asia Pacific region to meet market demands. “Here in Guangdong, one of our key differentiators is our technical engineering knowledge to produce very precise and often complex components: those that are manufactured to exact measurements and mass produced.

The opening of TR Chai Yi’s new facility in Dongguan

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www.read-eurofasteners.com

September 2024