LINCOLN ELECTRIC HOLDINGS INC acquired Kaliburn, Burny and Cleveland Motion Control (CMC) businesses (from ITT Corporation) for Not disclosed (combined 2011 annual sales ~$35 million), a transaction completed in November 2012. The deal was a Asset/business purchase (carve-out from ITT Corporation).
Kaliburn, Burny and Cleveland Motion Control (CMC) businesses (from ITT Corporation) operates in Cutting / Engineered Systems, is based in Ladson, South Carolina, USA (near Charleston), had revenue of about combined 2011 sales approximately $35 million. Lincoln acquired the Kaliburn, Burny and Cleveland Motion Control (CMC) businesses from ITT Corporation. Kaliburn designs and manufactures shape cutting solutions (including UltraSharp cutting technology); Burny produces shape cutting control systems; CMC manufactures web tension transducers and engineered machine systems. All three are consolidated in Ladson, South Carolina, employing about 140 people, with combined 2011 sales of $35 million.
Kaliburn and Burny are strong brands in the high-precision shape cutting space; including their UltraSharp cutting technology and well-established products strengthens and expands Lincoln's offerings to global distributor partners and end-user customers.
High-precision shape-cutting brands (Kaliburn UltraSharp, Burny controls) with established global distribution. Consolidated headquarters and manufacturing in Ladson, South Carolina
Kaliburn and Burny are strong brands in the high precision shape cutting space. Including their UltraSharp cutting technology and well-established, excellent quality products in our portfolio will further strengthen and expand our offerings to our global distributor partners and end-user customers.John M. Stropki, Chairman and CEO, Lincoln Electric
Advisory firms were not disclosed for this transaction.