Lincoln Electric Acquires Rimrock
This move extends Lincoln’s position in automated welding and cutting.
Posted: August 19, 2015
Lincoln Electric Holdings, Inc. (Cleveland, OH) has announced that it has acquired Rimrock Holdings Corporation (Columbus, OH), a privately held manufacturer and integrator of industrial automation products and robotic systems with two divisions, Wolf Robotics LLC (Fort Collins, CO) and Rimrock Corporation. Rimrock Holdings has annual sales are approximately $40 million. Terms of the transaction were not disclosed.
Wolf Robotics integrates robotic welding and cutting systems predominately for heavy fabrication (construction, mining, agriculture) and transportation OEMs and suppliers. Rimrock designs and manufactures 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, the chairman, president and chief executive officer of Lincoln Electric. “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.”
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