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, said: “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, said: “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, added: “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 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), overmoulding and automated assembly.
In 2022, the turnover of the group reached 196m Euros with a target of 220m by 2023.
