Starrett Acquires Kinemetric Engineering, LLC.
Compatibility of product lines / markets and engineered solutions are key reasons for purchase.
ATHOL, MASSACHUSETTS U.S.A. (July 18, 2007) - Today, The L.S. Starrett Co. announced they acquired the assets of Kinemetric Engineering, LLC (Laguna Hills, CA, USA) for $2.3 million dollars. Kinemetric Engineering specializes in precision measuring technologies. The acquisition will provide synergistic opportunities for Starrett to further diversify its customer base, broaden the array of metrology solutions for industry, and continue to leverage its global brand strength.
Kinemetric Engineering specializes in precision video-based metrology, specialty motion devices, and custom engineered systems for measurement and inspection. Kinemetric's product line complements Starrett's existing metrology products that include optical measuring projectors and vision systems.
A long time technical partner of Starrett, Kinemetric Engineering brings a wealth of experience, engineering and manufacturing in video based metrology solutions. Starrett metrology products will now include Kinemetric's full array of product solutions along with the high quality line of Starrett non-contact measuring systems, to make one extensive, comprehensive product offering. Kinemetric will now team with Starrett to oversee sales and support for these products.
"This acquisition brings new managerial and engineering talent to Starrett and expands our strategic focus to provide custom engineered solutions for industry. It will enable us to fully engage our sales and distribution network with a broad product offering backed by Starrett and effectively administrated by our new team, commented Mr. Douglas A. Starrett, President and Chief Executive Officer for Starrett. "We are excited to be able to grow our presence in this dynamic market segment."
Since it's founding over 125 years ago, The L.S. Starrett Company has earned a reputation as the world's pre-eminent supplier of precision measuring tools and equipment. For more information about the Kinemetric Engineering Acquisition and Starrett, please contact The L.S. Starrett Company at 978-249-3551 or online at www.starrett.com.
Editorial Contact:
Michael McCue
McCue & Associates LLC
978-733-1353
mmccue@mccueassociates.com
Starrett
Contact: Douglas A. Starrett
978-249-3551
dastarrett@starrett.com
