LORD Acquires MicroStrainSeptember 18, 2012
The addition of the MicroStrain’s sensing technology enhances LORD’s vibration and motion control portfolio, and the combination of these technologies will enable smarter aircraft, machines, and industrial processes.
CARY, NC /PRNewswire/ -- LORD Corp. has announced the closing of the acquisition of the assets of MicroStrain Inc. for an undisclosed amount. A privately held company located in Williston, Vt., MicroStrain develops and supplies sensing solutions to the aerospace, defense, agriculture, construction, energy, and consumer electronics markets.
Recently, MicroStrain has been involved in programs to flight-test a range of energy harvesting and wireless devices embedded in helicopter rotor head key components, as well as vibration measurement devices on platforms such as the V-22.
"The addition of the MicroStrain sensing technology enhances our LORD vibration and motion control portfolio. The combination of these technologies will enable the next generation of smarter aircraft, machines, and industrial processes," said Rick McNeel, Chairman, President, and CEO of LORD.
"We are delighted to welcome MicroStrain and its outstanding employees into LORD," added McNeel. "The addition allows LORD to leverage the cutting-edge technologies and the know-how of the MicroStrain employees for further expansion into new markets and regions. We are excited about the many growth opportunities it brings."
MicroStrain will continue to operate out of its current location in Williston as MicroStrain, a LORD Company, while retaining its current 50+ employee workforce.
MicroStrain Inc. is a Vermont business specializing in combining micro-sensors with embedded processors to autonomously track operational usage and to navigate and control unmanned systems.
With global reach and extensive technical capabilities, LORD Corp. has the ability to work on complex formulations, balancing contradictory property and process requirements to deliver the solutions that meet customer and market demands. LORD builds on its more than 85-year history with a track record of successful long-term partnerships with technology leaders in industries ranging from aerospace to automotive, electronics to industrial heavy equipment.
Founded in 1924, LORD Corp. is a privately held company that designs, manufactures, and markets mechanical devices and electromechanical systems to control vibration, motion, and noise; formulates, produces, and sells general-purpose and specialty adhesives, coatings, and electronic materials; and develops products and systems using magnetically responsive technologies. With global headquarters in Cary, NC, and sales in excess of $789MM, LORD has manufacturing facilities in eight countries and more than 90 sales and support centers. LORD Corp. employs more than 2800 worldwide.
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