Tennessee Rand Bought By Cleveland, Ohio, Firm

Thursday, January 03, 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.


Chattanooga Business Leaders To Discuss Economic Impact Of New Climate Policies

With severe weather events causing economic losses across the country, business leaders will join Mayor Andy Berke and Heather McTeer Toney, Southeast Regional Administrator for the U.S. Environmental Protection Agency, for a roundtable to discuss the impact of climate change on Tennessee businesses.   Local business and community leaders will talk ... (click for more)

June County Unemployment Rates

County unemployment rates for June show the rate increased in all 95 counties. Specific county information for June is available on the Internet; enter http://www.tn.gov/labor-wfd/labor_figures/LaborJune2014.pdf . Davidson County had the state’s lowest major metropolitan rate in June at 6.0 percent, up from 5.2 in May. Knox County was 6.3 percent in June, up from 5.3 in May. ... (click for more)

Corker Says Congress Needs Time To Review Plan For VA Reforms

As negotiations between the Senate and the House of Representatives over legislation to reform the Department of Veterans Affairs (VA) continue,  Senator Bob Corker urged that lawmakers have the opportunity to review a complete Congressional Budget Office (CBO) score on any final conference VA bill before taking a vote. “Our veterans deserve solutions to the systemic problems ... (click for more)

WTCI Says Fleischmann Ad Included Unauthorized Use Of Logo

Officials of WTCI TV said a Chuck Fleischmann TV ad contained an unauthorized use of the public TV station's logo. Officials stated in a letter to WTCI viewers: "We understand that members of our community may have received a printed communication from the Chuck Fleischmann for Congress Committee featuring the headline "Weston Wamp Supports Amnesty for Illegal Immigration." ... (click for more)

Chuck Is Doing His Job - And Response (6)

Four years ago we conservatives sent Chuck Fleischmann to Washington to basically say no to Obama and every program he tried to sneak through.  He did such a good job at this we sent him back two years ago. Now this young whippersnapper comes along and wants to go to Washington under the Republican title to cross the isles and negotiate with Obama and the Democrats. Is ... (click for more)

Roy Exum: Two Wrongs Not Right

Scottie Mayfield is a delightful friend of mine but he’s the last guy in the world who should be aiming at anybody’s character. He’s always had class but today Scottie is the “star” of a shameful political commercial in which he assails challenger Weston Wamp on behalf of a panicked Chuck Fleischmann. Mayfield, you’ll remember, ran against the two in the last race for the District ... (click for more)