Samuel acquires 100% of additive business Burloak Technologies
- February 12, 2020
Samuel Son & Co., Ltd., a Burlington, Ont.-based metals distributor and industrial products manufacturer, has acquired all remaining shares of Burloak Technologies, an engineering and design contract manufacturer for additive manufacturing (AM), materials development, high precision CNC machining, post-processing and metrology.
Burloak helps customers in space, aerospace, automotive and industrial markets rapidly transition their most challenging part designs to be additively manufactured at scale. Samuel originally acquired a minority stake in Burloak Technologies in 2017.
“Our early belief in the transformative potential of additive manufacturing is paying off,” said Colin Osborne, Samuel’s president and CEO. “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 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 of 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.”
For more information, visit https://burloaktech.com/