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Esab Purchases Orbital-Welding Supplier AMI
Los Angeles-based Arc Machines, Inc. (AMI), a company in the portfolio of Marwit Capital, has been sold to Esab Welding & Cutting Products, reports Livingstone, a mergers and acquisition advising firm to AMI.
AMI designs, engineers, and manufactures automated, orbital gas-tungsten-arc-welding equipment and associated aftermarket components. Esab, a provider of welding and cutting equipment and systems as well as related products and services, acquired AMI to add complementary technology as well as AMI’s strong global brand, according to Livingstone officials.AMI marked the 70th transaction Livingstone closed globally in 2016 and 23rd in the Industrial sector, one of the core M&A sectors of the firm.
New Bystronic Distributor in TN, AL and MS
Bystronic Inc., Elgin, IL announces new distributor representation in Tennessee, Alabama and Mississippi with the expansion of On Point Solutions Co., a Bystronic distributor since 2012. Jordan Peterson, On Point Solutions VP of sales and marketing, with a central location in Tenessee, will be the key contact for the region. For contact information, visit www.onpoint-solutions.com.
Bystronic provides laser-cutting, waterjet-cutting and press-brake systems as well as related automation, software and training. For more, visit www.bystronicusa.com.
Metalforming Industry Movers & Shakers
Specialty Metals Processing (SMP), Stow, OH, has announced that Bob Wilson has been named president of the company. Wilson has spent his entire career in the metals industry, and was most recently president of Penn Ohio Metals. SMP is a processor of stainless steel, aluminum, titanium and other specialty metals.
For more, visit www.specialtymetalspro.com.