NEWS
Lesjöfors acquires German spring maker
At the beginning of 2013 Lesjöfors signed an agreement to acquire the German spring manufacturer S & P Federnwerk - based in Herdorf.
roughly 1,200 employees. Lesjöfors has operations in Sweden, Norway, Finland, Denmark, England, Germany, Slovakia, Latvia, Russia, China and Korea. In 2012 S & P Federnwerk sales were 16 million euros and
L
the company had 70 employees. The company’s customers are in the agricultural, automotive and engineering industries. 60 percent of its sales are in Germany. Particularly interesting for Lesjöfors is the strong focus on the agricultural sector, which complements the existing Lesjöfors product offer. Kjell-Arne Lindbäck, CEO of Lesjöfors commented on the acquisition: “This acquisition strengthens Lesjöfors position further in Germany and central Europe. The acquisition also adds
esjöfors is one of the largest spring manufacturers in Europe and has the widest own manufactured product portfolio on the market. In 2012 sales were approximately 175 million euros and the company has
global niche products that complement Lesjöfors’ other products. Within its main product segment S & P has a significant share of the world market.” Christian Piesch and Hagen Wagener owned and operated
S & P Federnwerk since 1999 and during that time sales increased approximately ten times. “The network of expertise in the spring area and the availability of complementary products that we will get access to within the Lesjöfors Group will further strengthen S & P’s offer to its customers,” explained Christian Piesch. “The sale of the company to the Lesjöfors Group which has springs and pressings as its core competence is a great opportunity for S & P Federnwerk.” Hagen Wagener remains as managing director of S & P
Federnwerk and Christian Piesch will remain and support the sales organisation and its customers.
Amtek Auto to purchase Neumayer Tekfor Group
New Delhi based, Amtek Auto Ltd has agreed to purchase Neumayer Tekfor (NTG), a German headquartered international automotive supply group.
N H 14
TG entered financial protective arrangements under German law five months ago in the face of a severe demand downturn particularly from southern Europe. A statement by NTG says that the corporate strategy envisages all its sites continuing to operate, adding there are no plans for a reduction in headcount. NTG produces engine, transmission and chassis components as well as
fasteners. NTG revenue in 2012 was around 500 million euros. “Five months after initiating protective shield proceedings, we have already achieved our key objectives. Besides maintaining
the Group and individual sites, we have also ensured the best possible creditor satisfaction. This transaction is not only better for the creditors than any of the other restructuring options on the table, it is also the best solution for all concerned,” emphasised restructuring expert Joachim Exner and Dr Jan Markus Plathner, the custodian appointed by Offenburg Local Court. The projected revenue post merger is US$2 billion (1.5 billion euros) from more than fifty production sites in Asia, Europe and both North and South America. Amtek has 43 domestic and international plants involved in forging, iron and aluminium casting, metalworking and assembly technology. Amtek was founded by the Dham family, which continues to be anchor shareholders. The Group is listed on the National Stock Exchange of India and the Bombay Stock Exchange. The deal is expected to conclude during May.
Southco acquires Unikey
Southco Inc has announced its acquisition of Unikey Industrial Components, in doing so expanding its broad range of engineered access hardware solutions and extending the company’s global market presence into South America.
eadquartered in São Paulo, Brazil, Unikey is a manufacturer of latches, locks, hinges, ventilation systems and related accessories for various industries in Brazil and greater South America. Unikey serves a variety of diverse industries including industrial machinery, electrical equipment, mass transportation, marine and telecommunications. Unikey’s design and manufacturing capabilities will strengthen Southco’s position globally, providing new opportunities
to add value to Southco’s extensive customer base in a wide variety of industries and applications in the Brazilian market and beyond. “This is an exciting time for our company as we continue to grow and expand our global reach,” said Brian McNeill, president and CEO of Southco Inc. “We see immediate opportunities to accelerate our presence and participation in the fast growing markets of Brazil and greater South America. By uniting our strong and complementary brands, products and people, we will enhance our ability to add value and provide our customers throughout the world with the broadest line of high quality access hardware solutions.”
Fastener + Fixing Magazine • Issue 81 May 2013
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144 |
Page 145 |
Page 146 |
Page 147 |
Page 148 |
Page 149 |
Page 150 |
Page 151 |
Page 152