LINCOLN ELECTRIC HOLDINGS INC acquires Tennessee Rand, Inc.

LINCOLN ELECTRIC HOLDINGS INC acquired Tennessee Rand, Inc., a transaction completed in January 2013.

Tennessee Rand, Inc. is based in Chattanooga, Tennessee, USA (North America). Tennessee Rand is a Chattanooga, Tennessee-based privately held automated systems and tooling manufacturer, a leader in the design and manufacture of tooling and robotic systems for welding applications serving a broad base of automotive and metal fabrication customers. It had annual sales of approximately $35 million.

The acquisition strengthened Lincoln's position as a market leader in welding automation in North America, adding extensive tool design, system building and machining capabilities to expand its welding automation business, and complementing the earlier Wayne Trail Technologies acquisition.

Advisory firms were not disclosed for this transaction.