LINCOLN ELECTRIC HOLDINGS INC acquired Rimrock Holdings Corporation (Wolf Robotics LLC and Rimrock Corporation) for Not disclosed (annual sales ~$40 million), a transaction completed in August 2015.
Rimrock Holdings Corporation (Wolf Robotics LLC and Rimrock Corporation) operates in Automation, is based in Columbus, Ohio and Fort Collins, Colorado, USA, had revenue of about approximately $40 million annual sales. Rimrock Holdings Corporation is a privately held manufacturer and integrator of industrial automation products and robotic systems with two divisions: Wolf Robotics LLC (robotic welding and cutting systems for heavy fabrication and transportation OEMs) and Rimrock Corporation (automated spray systems and turnkey robotic systems for die casting, foundry and forging). Headquartered in Columbus, Ohio with operations in Columbus and Fort Collins, Colorado; annual sales approximately $40 million.
The investment in Wolf Robotics extends Lincoln's leadership position in automated welding and cutting, combining a leading North American heavy-fabrication automation integrator with Lincoln's existing portfolio to better serve customers and accelerate growth.
Leading North American heavy-fabrication robotic integrator (Wolf Robotics) plus die-casting/foundry automation (Rimrock). Lincoln Electric automation portfolio
Our investment in Wolf Robotics extends our leadership position in automated welding and cutting. 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.Christopher L. Mapes, Chairman, President and CEO, Lincoln Electric
Advisory firms were not disclosed for this transaction.