Tennessee Rand is located on Moccasin Bend Road.A Chattanooga robotics systems maker whose primary customers are in the auto industry has been bought by a global welding and brazing manufacturer based in Cleveland, Ohio.
Tennessee Rand Inc., with its headquarters and manufacturing operations off Moccasin Bend Road, was purchased by Lincoln Electric Holdings Inc. Lincoln designs, makes and sells welding, cutting and brazing products worldwide.
Terms of the deal were not disclosed.
Don Peters, Tennessee Rand’s president, said he’s hopeful the deal will mean more growth for the business that employs about 175 workers.
He said Rand, with $35 million in annual sales, has long-term customers who are suppliers to the major auto companies.