Lesjöfors has today divested 100 per cent of the shares in Stumpp & Schüle GmbH and its Slovakian subsidiary Stumpp & Schüle s.r.o.
Stumpp & Schüle is a spring manufacturer with presence in Germany and Slovakia, whose customers are mainly active in the automotive industry. The company has a turnover of approximately SEK 200 million in 2023 with approximately 140 employees. The decision to divest Stumpp & Schüle has been made after an evaluation of various strategic alternatives for the company as its profitability has not been satisfactory for Lesjöfors.
Ola Tengroth, Group CEO of Lesjöfors, comments on the decision to divest the company, ”Divesting a company is an exception in our operation. We have made several acquisitions in recent years which have strengthened the group. The decision to divest Stumpp & Schüle follows a careful evaluation and is based on the fact that Stumpp & Schüle’s profile is not in line with our strategic priorities and has limited synergies with our other companies. We are convinced that Stumpp & Schüle will have a favourable development with its new owners.”
Ola Tengroth
CEO
+46 70 679 88 04
ola.tengroth@lesjoforsab.com
Notes to editors:
The Lesjöfors Group are world-leaders in spring and pressing manufacture. One of the largest spring corporations in the world, established in 1675 with spring manufacture commencing in 1852, the group’s product portfolio includes springs, gas springs, metal belts and pressings across an extensive range of wire sizes.
Committed to manufacturing excellence, reliability and customer service, their global spring manufacturing and technological development network, is dedicated to world-leading products.
With over 60 locations, Lesjӧfors provides a competitive environment dedicated to quality, accuracy and customer satisfaction, delivering impact to every industry. Customers rely on their quality components and network, problem-solving agility, purchasing power and flexibility to extend their capabilities, guaranteeing the Lesjöfors Group as the trusted, premium partner for springs and pressings.
The Lesjöfors Group is owned by Beijer Alma a listed company on the Stockholm Stock Exchange.