CLEVELAND — Lincoln Electric Holdings, Inc. announced Friday that it has acquired Specialised Welding Products, a privately held provider of specialty welding consumables in Australia and New Zealand. SWP's team of technical representatives and metallurgists also provide fabrication, maintenance and repair services for alloy and wear resistant products commonly used in mining and energy sector applications.
SWP is headquartered in Melbourne, Australia and will continue to operate independently as an entity of Lincoln Electric Australia. SWP will broaden Lincoln Electric's presence and specialty alloy offering in the region. Terms of the transaction were not disclosed.
On Tuesday, Lincoln Electric also announced that it has acquired Rimrock Holdings Corporation, a privately held manufacturer and integrator of industrial automation products and robotic systems with two divisions, Wolf Robotics LLC and Rimrock Corporation. Wolf Robotics integrates robotic welding and cutting systems predominately for heavy fabrication (construction, mining, agriculture) and transportation OEMs and suppliers. Rimrock Corporationdesigns 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, Chairman, President and Chief Executive Officer. "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."
Rimrock Holdings Corporation is headquartered in Columbus, OH and has operations there and in Fort Collins, CO. Annual sales are approximately $40 million. Terms of the transaction were not disclosed.