Lincoln Electric acquires Tennessee Rand
Lincoln Electric Holdings has acquired privately-held automated systems and tooling manufacturer Tennessee Rand Inc.
Tennessee Rand designs and manufactures 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," said Christopher L. Mapes, chief executive officer. "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," said Don Peters, president of Tennessee Rand. "We are pleased to now be a part of Lincoln Electric."
Tennessee Rand Inc., with headquarters and manufacturing operations in Chattanooga, Tenn., has annual sales of approximately $35 million. Terms were not disclosed.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
