Quick Take
Lincoln Electric (LECO) announced it has acquired Baker Industries for an undisclosed amount.
Baker provides custom tooling, parts, and fixtures for the automotive and aerospace industries.
With the deal for Baker, LECO is positioning itself within the growing additive manufacturing services and tooling space and is part of a previously-announced initiative to grow its automation segment accordingly.
Target Company
Detroit, Michigan-based Baker Industries was founded in 1992 to manufacture custom tooling, parts and fixtures with operations that adhere to aerospace quality management standards, are AS9100D-certified, and Nadcap-accredited.
Below is an overview