- Joined
- Mar 10, 2005
News from the 4x4 world you may have missed while you were busy having a life:
Lincoln Electric has acquired Torchmate
From PRNewswire, July 29, 2011:
Lincoln Electric Holdings, Inc. (Nasdaq: LECO) announced today that it has acquired substantially all of the assets of Applied Robotics, Inc., a leading manufacturer of CNC cutting tables and accessories in North America. Applied Robotics, known in the welding industry by its brand name, Torchmate, has headquarters and manufacturing facilities based in Reno, Nevada.
Lincoln has a leading position in the world of arc welding, robotic arc welding, brazing and soldering alloys as well as plasma and oxyfuel cutting equipment markets. The acquisition will allow for the expanded reach of Torchmate CNC plasma cutting tables and equipment.
Many fabricators and off-road enthusiasts wonder how this will effect not only Torchmate products and service but also Torchmate Racing. While Lincoln Electric has easily more reach and resources, with a worldwide network of manufacturing locations and distributors, Applied Robotics is a smaller family business that has been known for their quality and customer service. Bill A. Kunz, Chief Executive Officer of Torchmate, has stated that the company really needed more resources and help and Lincoln will give them that. There is always the possibility that priorities and direction might change, but Kunz plans to keep running the show and folks who have dealt with Bill directly are less concerned.
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In local events...
If you attend the Toy Run, send us photos when you get home!
4x4Cross is at the Sparta Fairgrounds Mud Bog this Saturday, August 6, in Sparta, NC.
The action starts at 5 pm!
Lincoln Electric has acquired Torchmate
From PRNewswire, July 29, 2011:
Lincoln Electric Holdings, Inc. (Nasdaq: LECO) announced today that it has acquired substantially all of the assets of Applied Robotics, Inc., a leading manufacturer of CNC cutting tables and accessories in North America. Applied Robotics, known in the welding industry by its brand name, Torchmate, has headquarters and manufacturing facilities based in Reno, Nevada.
Lincoln has a leading position in the world of arc welding, robotic arc welding, brazing and soldering alloys as well as plasma and oxyfuel cutting equipment markets. The acquisition will allow for the expanded reach of Torchmate CNC plasma cutting tables and equipment.
Many fabricators and off-road enthusiasts wonder how this will effect not only Torchmate products and service but also Torchmate Racing. While Lincoln Electric has easily more reach and resources, with a worldwide network of manufacturing locations and distributors, Applied Robotics is a smaller family business that has been known for their quality and customer service. Bill A. Kunz, Chief Executive Officer of Torchmate, has stated that the company really needed more resources and help and Lincoln will give them that. There is always the possibility that priorities and direction might change, but Kunz plans to keep running the show and folks who have dealt with Bill directly are less concerned.
...
In local events...
If you attend the Toy Run, send us photos when you get home!
4x4Cross is at the Sparta Fairgrounds Mud Bog this Saturday, August 6, in Sparta, NC.
The action starts at 5 pm!