Samuel acquires remaining shares of Burloak Technologies
February 12, 2020
Samuel, Son & Co., Limited, a metals distributor and industrial products manufacturer, headquartered in Mississauga, Ontario, Canada, has acquired all remaining shares of Additive Manufacturing company Burloak Technologies, Burlington, Ontario, Canada. Samuel initially acquired a minority stake in Burloak Technologies in 2017.
The company has appointed Simon Walls, Samuel’s CCO, to the position of President of Burloak Technologies, and Peter Adams, previously Burloak’s President and co-founder, has been named co-founder and CIO.
“Our early belief in the transformative potential of Additive Manufacturing is paying off,” stated 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.”
Adams commented, “We are proud of the progress we’ve made to rapidly scale Burloak Technologies into an industry leader in a very short time. 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.”
