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