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24 November 2022
CGR acquires JB Springs

CGR significantly broadens its worldwide presence by acquiring JB Springs in the UK

 

CGR is pleased to announce the acquisition of JB Springs (John Binns & Son Limited), a British specialist manufacturer of wire springs.

With over 125 years’ experience, JB Springs has built an exceptional reputation for designing and manufacturing custom spring solutions and wire-formed parts. The company has a wealth of experience in offering innovative solutions to the most complex issues in all industrial sectors, including medical, nuclear, retail and automotive.

The acquisition is effective as of January 12th, 2023. The management team of JB Springs will remain in place, adding its expertise and industry knowledge to the family owned CGR group, contributing further to its international development.

Alex Driver, Director of JB Springs: « For John Binns, CGR is a remarkable growth opportunity, opening up new technologies and new fields of activity. This will allow us to increase further our technical expertise, particularly with the support of the CGR R&D laboratory ».

Joseph Varoqui, President of CGR: « The acquisition of JB Springs is part of the vision for local production within an international scope. This is fundamental to satisfying clients’ needs. »

Alexis Martel, CEO of CGR: « Both companies share the same values, we provide a healthy, motivating and empowering work environment for our people. By developing its global growth, CGR develops quality jobs all over the world ».

CGR is already active in Europe, Asia and the Americas. The acquisition of JB springs significantly broadens the worldwide presence of CGR, now covering 9 countries on 4 continents with 22 autonomous production sites. CGR specializes in co-engineering, design and manufacturing of precision springs, cold formed parts and mechatronics assemblies.

 
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