Mississauga, Ont.-based Ferro Technique Ltd., a portfolio company of Argyle Capital Partners, has acquired Lomar Machine Repair Inc.
Lomar is a Windsor, Ont.-based distributor of CNC machine tools and associated parts that also delivers aftermarket service to the manufacturing sector in Southwestern Ontario. With the addition of Lomar, Ferro Technique will have the largest CNC-focused service team in Eastern Canada.
“We are extremely excited about the merging of these two companies and will continue to service our customers with the same standards and reputation we have worked hard to develop over the past 27 years,” said Frank Cirino, president of Lomar.
Lomar management and employees will be joining the Ferro team and continuing to provide sales and service as a division of Ferro Technique.
“Lomar is a great strategic addition to Ferro, as it will help us better serve our existing customer base and expand our sales in Southwestern Ontario. We continue to believe the future of Ontario manufacturing is bright, and we look forward to working with Frank and the Lomar team to help our customers achieve their goals,” said Brian Donnelly, president of Ferro.
