Sweden’s Lesjӧfors Group reports that the company has finalized its previously announced acquisition of Ressorts Lacroix, a French spring manufacturer that will expand the Group’s European spring supply solutions.

A press release said that Ressorts Lacroix’s product lines serve the hydraulic, automotive, aerospace and medical sector. Lacroix has annual revenue of €6.5 million with good profitability and has 46 employees at its factory in Meung-sur-Loire in central France.

Per its website, the company, founded in 1951, is located in the center of Northern France in Meung-sur-Loire, where it has a 4,000 sq m workshop. Its products include custom-made springs, flat springs, tension springs, torsion springs and compression springs.

“Our potential is now limitless,” said Ressorts Lacroix CEO Yohan Dutheil. “Lesjӧfors, as a global parent company, enables us to access new markets. Being part of a larger corporation not only gives us greater reach, it also enables us to access sales strategies, knowledge, technologies and networks that enrich our employees and adds value to our customers.”

Lesjӧfors Group CEO Ola Tengroth said that the company was “laser focused” on acquiring Ressorts Lacroix. “We’re grateful to them for enabling us to now say we have a manufacturing plant in France, and we look forward to developing this partnership even further.”

Earlier this year, the Lesjӧfors Group opened a new manufacturing facility in Poland alongside an existing plant that is part of Alcomex, its subsidiary, which has operations in nine countries. At that time, the Lesjӧfors Group was said to have more than 50 production and technical sales offices in Europe, America and Asia, and was “actively looking to acquire more spring manufacturers.”

The Lesjöfors Group is owned by Beijer Alma, a listed company on the Stockholm Stock Exchange.