NEWS

Lincoln Electric buys Columbus-based Rimrock Holdings

Wednesday, Aug 05, 2015

Welding equipment maker Lincoln Electric Holdings Inc. (Nasdaq: LECO) of Euclid said it acquired Columbus-based Rimrock Holdings Corp., a privately held manufacturer and integrator of industrial automation products and robotic systems.

Terms of the purchase were not disclosed. Rimrock Holdings, which has operations in Columbus and Fort Collins, Colo., has annual sales of about $40 million, Lincoln Electric said in a news release.

Rimrock Holdings has two divisions: Wolf Robotics LLC and Rimrock Corp. Wolf Robotics integrates robotic welding and cutting systems predominately for heavy fabrication and transportation OEMs and suppliers. Rimrock Corp. makes automated spray systems and turnkey robotic systems for the die casting, foundry and forging markets.

"Our investment in Wolf Robotics extends our leadership position in automated welding and cutting," said Christopher L. Mapes, chairman, president and CEO of Lincoln Electric, in a statement.

"We are excited to combine their expertise and capabilities as a leading automation integrator in the North American heavy fabrication sector with our existing portfolio to better serve customers and accelerate growth," he said.

 

crainscleveland.com

Other News