Corporate finance firm advises on sale of spring manufacturer

Bracebridge Corporate Finance has advised on the sale of Clifford Springs Limited, based in Redditch, to Lesjöfors, a subsidiary of Beijer Alma, based in Sweden.

Clifford Springs is a UK spring manufacturer that mainly supplies energiser springs to the seal and valves industry in the UK, Europe and the US.

The company has a broad customer base and focuses on small to medium-sized springs.

The company possesses high technical competence and is known for its qualitative value proposition and strong brand. It has an annual revenue of approximately £3 million with good profitability and has 17 employees at its factory in Redditch.

Bracebridge Corporate Finance advised the shareholders on the sale of 100 per cent of the shares.

Clifford Springs’ CEO, John Clifford, will continue in his operational role after the acquisition.

He said: “We are pleased to welcome Lesjöfors as the new owner of Clifford Springs.

“As a company, we are proud of what we have achieved so far and now look forward to continuing to develop together with Lesjöfors as part of a global group.”

“We were delighted with the support provided by Bracebridge Corporate Finance. Andy Moore, who led the transaction, worked tirelessly from start to finish, managing the sale process and conducting all negotiations on our behalf.”

Andy Moore (pictured), managing director of Bracebridge Corporate Finance said: “We are delighted with the outcome for the shareholders of Clifford Springs and to have found an excellent home for the business.

“Clifford Springs is a high quality specialist engineering business with great technical know how. We look forward to seeing the business go from strength to strength under Lesjofors ownership.”

Ateeq Ahmed, Katherine Ferrari Bradley, Olivia Johnson and Tahmina Hussain of Freeths in Birmingham provided legal advice to the sellers.