Tennessee Rand Bought By Cleveland, Ohio, Firm

Thursday, January 3, 2013

Lincoln Electric Holdings, Inc. (Nasdaq: LECO) announced today that it has acquired the privately-held automated systems and tooling manufacturer, Tennessee Rand, Inc., which is based in Chattanooga. 

Tennessee Rand is a leader in the design and manufacture of tooling and robotic systems for welding applications. The company serves a wide base of automotive and metal fabrication customers.

"Tennessee Rand strengthens our already strong position as a market leader in welding automation in North America," said Christopher L.

Mapes, chief executive officer. "Tennessee Rand brings extensive tool design, system building, and machining capabilities that will enable Lincoln to further expand its welding automation business. It is a nice complement to our recent acquisition of Wayne Trail Technologies."

"Lincoln's market strength and worldwide reach enable Tennessee Rand to expand its business and support customers with global deployment strategies," said Don Peters, President of Tennessee Rand. "We are pleased to now be a part of Lincoln Electric."

Tennessee Rand, Inc. has annual sales of approximately $35 million. Terms were not disclosed.

Lincoln Electric is the world leader in the design, development and manufacture of arc welding products, robotic arc welding systems, plasma and oxyfuel cutting equipment and has a leading global position in the brazing and soldering alloys market. Headquartered in Cleveland, Ohio, Lincoln has 46 manufacturing locations, including operations and joint ventures in 20 countries and a worldwide network of distributors and sales offices covering more than 160 countries.

Northwest Georgia’s Unemployment Rate Unchanged At 5.6 Percent In October

The Georgia Department of Labor announced on Thursday that the unemployment rate in the Northwest Georgia region in October was 5.6 percent, unchanged from September. The rate in October 2014 was 6.8 percent. While the rate was unchanged, the number of initial claims for unemployment insurance rose by 741, or 29.1 percent, to 3,291 in October. Most of the increase was due ... (click for more)

October 2015 County Unemployment Rates

County unemployment rates for October 2015, released Wedesday, show the rates decreased in 90 counties, increased in four, and remained the same in one county. Specific county information for October is available on the Internet .   Davidson County had the state’s lowest major metropolitan rate in October at 4.2 percent, down from September’s rate of 4.6 percent. Knox ... (click for more)

City Council To Consider Policy That Job Applicants Would Not Have To Reveal Criminal Records

The City Council on Tuesday night will consider a policy that city job applicants would not have to reveal their criminal past. Councilman Yusuf Hakeem cited problems those with felony records have in securing employment. The policy would go into effect by the first of the year. The resolution says: WHEREAS, the City of Chattanooga (the "City") is committed ... (click for more)

City Considering Measure That Would Require City Employees To Be Tennessee Residents

The City Council is considering an ordinance that would require city employees to be residents of the state of Tennessee. The city has employees who live in North Georgia and North Alabama and that is allowed.  If the ordinance is approved by the City Council, it still would need to be okayed by a majority of city voters in an election. The measure will be considered ... (click for more)

An Extra Helping Of Gratitude

After being thankful for the grace of God, my family and good health, this year I have an extra helping of gratitude to live in a special place called Chattanooga.   We endured the trauma of terrorism on July 16 and emerged more united and stronger than ever before.  We claim our heritage and celebrate our diversity like no other city in America.  We honor our ... (click for more)

Roy Exum: We Can’t ‘Ban The Box’

I know a man who has over 20 former convicts from federal prisons who either work for him or who have retired with their dignity, pride, and self-worth restored. Better yet, I know some of them, men who have done “hard time” in prisons so wretched none of us would dare to go. So on the surface I applaud City Councilman Yusef Hakeem for seeing ways to get formerly incarcerated men ... (click for more)