Samuel acquires 100% of Burloak Technologies
by CM Staff
The manufacturer/distributor originally acquired a minority stake in additive manufacturing firm Burloak in 2017
Mississauga, Ont.-based Samuel, Son & Co. Ltd., a metals distributor and industrial products manufacturer, announced Feb. 11 the acquisition of all remaining shares of Oakville, Ont.’s Burloak Technologies, an the additive manufacturing firm.
Samuel originally acquired a minority stake in Burloak in 2017.
Samuel, a 165-year-old manufacturer/distributor has over 6,500 employees and 100+ facilities.
Burloak works in aerospace, automotive and industrial markets, providing engineering and designs for additive manufacturing, materials development, high-precision CNC machining, post-processing and metrology.
“Our early belief in the transformative potential of additive manufacturing is paying off,” said Colin Osborne, Samuel’s president and chief executive officer, in a prepared statement. “The rapid development of this team, its relationships with many of the world’s most innovative companies and the reputation it is developing as AM (additive manufacturing) experts, reinforces the exciting future we see for additive manufacturing over the long term.”
Simon Walls, Samuel’s chief commercial officer, has been appointed president, Burloak Technologies. Peter Adams, previously Burloak’s president and co-founder, has been named co-founder and chief innovation officer.
“We are proud of the progress we’ve made to rapidly scale Burloak Technologies into an industry leader in a very short time,” said Adams. “As more companies begin to fully leverage this technology, we will see additive take off in a number of end markets. With Samuel’s continued support, Burloak is uniquely positioned to remain at the forefront of that growth.”