"Strengthens our already strong position as a market leader in welding automation."
Officials at Lincoln Electric Holdings Inc. announce that the company has acquired the privately-held automated systems and tooling manufacturer, Tennessee Rand Inc. for an undisclosed amount.
Tennessee Rand is a leader in the design and manufacture of tooling and robotic systems for welding applications. The company serves a wide base of automotive and metal fabrication customers.
"Tennessee Rand strengthens our already strong position as a market leader in welding automation in North America," says Christopher L. Mapes, COO. "Tennessee Rand brings extensive tool design, system building, and machining capabilities that will enable Lincoln to further expand its welding automation business. It is a nice complement to our recent acquisition of Wayne Trail Technologies."
"Lincoln's market strength and worldwide reach enable Tennessee Rand to expand its business and support customers with global deployment strategies," says Don Peters, President of Tennessee Rand. "We are pleased to now be a part of Lincoln Electric."