COLDWATER — Coldwater Machine Co. recently joined Fort Loramie’s Wayne Trail Wayne Technologies as part of Cleveland-based Lincoln Electric company holdings.
Amanda Butler, vice president of investor relations and communications, said Lincoln Electric’s strategic acquisition of Coldwater supports Lincoln Electric’s leadership position in automation in the global welding and cutting industry and its long-term growth plans in this space.
A press release from Lincoln said, “The company (Coldwater Machine) will operate as a business unit within Lincoln Electric and will become an important asset in Lincoln Electric’s growing automation business.”
The press release also said the company is “confident that this exciting development will further enhance both companies’ ability to service Coldwater Machine’s current customers and develop and produce new application solutions, products and services for the automation market where engineered products are used.”
Lincoln Electric says on its website that the company is a 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, Lincoln has 45 manufacturing locations, including operations and joint ventures in 20 countries and a worldwide network of distributors and sales offices covering more than 160 countries.
On its website, Coldwater Machine Co. says the company designs, builds and integrates specialized equipment and automation for a variety of industries. They say their company strength lies in their ability to use technology and know-how developed to solve specific challenges in one market and apply it to other industries.