Harbour Group Acquires Lincoln Industrial Corporation
ST. LOUIS, April 12 /PRNewswire/ -- Harbour Group has acquired Lincoln Industrial Corporation, the global leader in the design, manufacture, and service of lubrication systems and equipment and related products, Sam Fox, Harbour Group's Chairman and Chief Executive Officer, announced today. Terms of the transaction were not disclosed. Based in St. Louis, Lincoln was founded in 1910. The company's product line represents the broadest and most complete range of highly engineered lubrication systems in the world. Lincoln's products include centralized and automated lubrication systems, lubrication tools and equipment, and material dispensing equipment for high viscosity materials. From its network of five manufacturing facilities, nine technical support centers, and four R&D laboratories strategically located across the U.S., Europe, and Asia, Lincoln serves a diverse customer base including original equipment manufacturers, value-added distributors, and catalog distributors across multiple end markets including transportation, agriculture, mining, construction and basic manufacturing. Lincoln represents Harbour Group's first entry into the lubrication systems segment of the market. Mr. Fox commented, "Lincoln enjoys leading market shares, a global footprint, and a devoted and diverse customer base. We believe there are significant opportunities for further penetration of its existing markets, entry into new markets and geographies, and continued development and introduction of new products. In addition, the global fluid dispensing equipment industry is large and highly fragmented, and we plan to aggressively pursue complementary acquisitions." Mr. Fox further noted that Harbour Group's acquisition will allow the company to continue to pursue its growth strategy. He commented, "Harbour Group has a long history of building businesses. Lincoln management, its employees, and its previous owners created significant value through the innovative development of the highest quality products, a focus on superior customer service and the development of global distribution capabilities. We look forward to the opportunity to continue to build the business." Harbour Group is a privately owned company based in St. Louis. Harbour Group and its operating companies are engaged in the manufacture and distribution of a wide variety of consumer and industrial products, including entertainment products, architectural lighting, automotive enthusiast products and catalogs, hearth and chimney products, auxiliary plastic processing equipment, pre-engineered building components, heat exchange equipment, and, now, lubricating systems and equipment.
SOURCE Harbour Group
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