Lincoln Electric acquires industrial manufacturer

Lincoln Electric Holdings, Inc. 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 and transportation OEMs and suppliers. Rimrock Corporation 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,” says Christopher L. Mapes, chairman, president and CEO at 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.”

Rimrock Holdings Corporation is headquartered in Columbus, Ohio, and has operations in Columbus, Ohio, and Fort Collins, Colo. Annual sales are approximately $40 million, the company says. Terms of the transaction were not disclosed.

Learn how to move your used trucks faster
With unsold used inventory depreciating at a rate of more than 2% monthly, efficient inventory turnover is a must for dealers. Download this eBook to access proven strategies for selling used trucks faster.
Used Truck Guide Cover