July 29, 2021

Lesjöfors acquires Alcomex, leading, high growth European door and industrial springs manufacturer

Lesjöfors Group, the Swedish-based international full range springs and pressings supplier has today entered an agreement to acquire a majority share in the Alcomex Group.

Alcomex is a Dutch manufacturer of door and industrial springs with a leading position in door springs in Europe and a strong regional position in industrial springs, with production facilities in the Netherlands, Czech Republic, Poland and India. Alcomex has approx. 350 employees.

With this transaction, Lesjöfors becomes the majority shareholder. Alcomex becomes a separate division within Lesjöfors. Alcomex continues on its growth path with synergy benefits from joining the Lesjöfors Group – now with an even broader and better product offering for its customers across Europe.

Lesjöfors’ President, Ola Tengroth: “This is a landmark transaction for Lesjöfors and the largest acquisition in its history. With this acquisition, Lesjöfors underlines its potential and ambition to increase scale internationally and build the leading spring, wire and flat strip component group. Alcomex’ performance over the last few years has been impressive, and we are excited about what we can achieve together. Lesjöfors and Alcomex have well matched corporate cultures, similar operations and a complementary geographical footprint, which provides a strong foundation for cross-sales and other value-creating activities. We are convinced that the companies will strengthen each other going forward.”

Alcomex management to continue and accelerate their strategy

Private equity investor Nordian Capital is selling all its shares in Alcomex with this transaction. After the transaction, Alcomex’ current minority owners and managing directors, Conrad Hietink and Jelle van Vliet (the “Minority Owners”), will remain as minority owners and managing directors to continue to develop the business. In line with Lesjöfors’ decentralized organization, Alcomex will continue to operate under its own brand and management.

Jelle van Vliet and Conrad Hietink, managing directors Alcomex: “In the last 5 years, we have more than doubled our customer base and revenues with a consistent customer service and customer response strategy. We have invested in quality and in our teams. Our people live and breathe our customers’ needs and preferences, such as reliability of lead times and on-time delivery. Together with our excellent technical solutions engineering this has proven a European platform for growth with our operation expanding into Germany, France and Romania. We believe that with the back-up support of Lesjöfors we will further accelerate and strengthen our expansion and development as the customers service leader in our industry.”

Joost Verbeek, Managing Partner of Nordian Capital: “Over the years Alcomex has strongly professionalized its operations across the board, from R&D and sales to operations and finance. We have seen two acquisitions being seamlessly integrated into a growing and strongly focused business. As a sparring partner we have collaborated with the management team and have seen a very clear development of the Alcomex team as a leader, not only in size but especially in customer service leadership. Joining forces with the Lesjöfors Group marks a new strategic step for Alcomex as it continues on its international path of organic and acquisitional growth.”