John Binns & Son acquired by CGR
Above:
JB Springs' head office, Skipton, North Yorkshire.
Courtesy John Binns & Son
With over 125 years’ experience and market-leading expertise using the most advanced technologies, John Binns Springs supports its customers in the design and manufacture of springs and wire-formed parts. John Binns Springs 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 management team of John Binns 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 John Binns 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.”
DMH Stallard advised Comptoir General Du Ressort C.G.R. SAS, on the acquisition of the entire share capital of John Binns & Sons (Springs) Limited, based in Skipton, North Yorkshire. Jonathan Grant, Partner and Head of Corporate at DMH Stallard, said: “CGR is a great client to work with and we enjoyed helping deliver this deal for them. In challenging times for many businesses, it is good to see a French business broadening its international network into England.”
Jean-Marie Lavirotte, Business Development Manager at CGR, said: “JB Springs is a fantastic opportunity for CGR to establish a first base in the UK. DMH Stallard played a key role helping us to close the deal.”
CGR was originally a pure spring maker, the company is now offering co-engineering and serial production of various metal components or metal plastic components based on cold forming technology (wire, tube, cable, steep steel), overmolding and automated assembly.
