Adds shape cutting, cutting systems, and tension transducer businesses
Continuing an impressive skein of acquisitions, Lincoln Electric Holdings Inc. reported its purchase of three businesses from ITT Corporation — the Kaliburn, Burny and Cleveland Motion Control (CMC) businesses. As in its earlier purchases of Wayne Trail Technologies Corp. and Weartech International Inc., the cost and terms of the deal were not released.
Cleveland-based Lincoln Electric designs and manufactures arc welding products, robotic arc-welding systems, and plasma and oxy-fuel cutting equipment.
Each of the ITT companies adds another dimension to Lincoln Electric’s portfolio of technologies linked to metal processing and fabrication: Kaliburn designs and manufactures shape cutting products; Burny produces shape cutting control systems; and CMC manufactures web tension transducers and engineered machine systems. All three companies operate from an administrative and manufacturing operation in Ladson, S.C., and have a total employment of approximately 140.
In May, Lincoln acquired Wayne Trail Technologies, a manufacturer of metal processing systems, including machine press automation, tube-bending and fabricating systems, hydroforming and structural framing machines, and tailored-blanking machines, as well as robotic welding and fixturing systems.
Prior to that, in March, Lincoln bought Weartech, which produces wear-resistant alloy consumables (rods, electrodes, wires and powders) and engineered components. Its cobalt- and nickel-based alloys are formulated to maintain hardness at temperatures of up to 1,500°F (800 °C) in various hostile environments (e.g., in aerospace and automotive products) including abrasion, corrosion, galling, oxidation, and erosion.
"Kaliburn and Burny are strong brands in the high-precision shape-cutting space,” according to Lincoln chairman and CEO John M. Stropki. “Including their UltraSharp cutting technology and well-established, excellent quality products in our portfolio will further strengthen and expand our offerings to our global distributor partners and end-user customers.”