Lincoln electric aquires Torchmate
 

The acquisition of Torchmate by Lincoln Electric Holdings of Cleveland last
week was prompted mainly by the rapid growth of sales of Torchmate's small,
computer-numeric-controlled cutting machines, says Bill Kunze, chief
executive officer of Reno-based Torchmate.

In 2009 Torchmate introduced a two-by-two-foot CNC cutting machine, and
later added a four-by-four-foot cutting machine marketed to small and
mid-size fabricators. The machines quickly became the company's best-selling
product lines. Torchmate's trailing twelve-month sales were approximately
$13 million, Lincoln Electric said.

http://www.nnbw.com/ArticleRead.aspx?storyID=17831

Best Regards

Tom.