Lincoln Industrial Acquires Lincoln Helios (India), Ltd.
ST. LOUIS, August 27, 2007 - Lincoln Industrial, a Harbour Group company, completed the acquisition of Lincoln Helios (India), Ltd. (LHI), Jeff Fox, Harbour Group's chief executive officer, announced. Terms of the transaction were not disclosed.
LHI designs and manufactures automatic lubrication systems, ink delivery equipment and related services to clients throughout India. From its headquarters in Bangalore, India, the company serves a variety of industries with demanding operating environments, including wind energy, steel production, mining and printing.
"As our businesses become more global, we continue to invest in and expand our operations outside of North America," Mr. Fox said. "We have been committed to international growth for over three decades and will continue to seek out the best opportunities for our companies and customers anywhere in the world. LHI has demonstrated that they are a leader in the Indian market. We've been impressed with the LHI management team and are excited about the future for Lincoln and LHI."
Sandip Sen, managing director of LHI, commented, "We've operated closely with Lincoln for over 20 years, so our employees and customers know what to expect after this transaction - exactly the same quality products, dedicated service and commitment to excellence that established LHI as the premier supplier of lubrication systems and equipment in India."
Bart Aitken, president of Lincoln Industrial, added, "We're confident that this new chapter will enable us to more effectively and efficiently serve our customers in India and improve our manufacturing capabilities across the globe. LHI's management team has developed a market leading position in India and has excellent capabilities with respect to the ongoing design enhancements of the Lincoln product lines."
Lincoln Industrial, along with its sister companies, Alemite and Reelcraft, designs and manufactures a broad range of automated lubrication systems, dispensing equipment for high viscosity materials, hose cord, and cable reels, and related products for a variety of industrial, commercial, and consumer applications. Based in St. Louis, the company serves its global customer base from 10 manufacturing facilities, nine technical support centers, and five research centers located throughout North America, Europe, and Asia.
Harbour Group, a privately owned company based in St. Louis, and its operating companies are engaged in the manufacture and distribution of a wide variety of consumer and industrial products. In addition to lubricating systems and equipment, current offerings include automotive enthusiast products, abrasives, diamond cutting products and related tools, specialty LED lighting products, linear actuators and switches, entertainment products, auxiliary plastic processing equipment. Since its founding in 1976, Harbour Group has completed 153 acquisitions in 32 industries.
