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Starrett Acquires Kinemetric, LLC
ATHOL, Mass.¯July 18, 2007¯The L. S. Starrett Company (NYSE: SCX), one of the world leaders in precision measuring instruments, announced today that it has acquired the assets of Kinemetric Engineering, LLC (Kinemetric) for $2.3 million.
Based in Laguna Hills, California, Kinemetric Engineering specializes in precision video-based metrology, specialty motion devices, and custom engineered systems for measurement and inspection. A long time technical partner of Starrett, Kinemetric Engineering brings a wealth of experience, engineering and manufacturing capability. This new entity will also oversee the sales and support of the Company's high quality line of Starrett Optical Projectors, combining to make a very comprehensive product offering.
“This acquisition brings new managerial and engineering talent to the Company and expands our strategic focus to provide custom engineered solutions for industry. It will enable us to fully engage our sales and distribution network with a broad product offering backed by The L. S. Starrett Company and effectively administrated by our new team. We are excited to be able to grow our presence in this dynamic market segment,” commented Doug Starrett, President and Chief Executive Officer of The L. S. Starrett Company. Previous Page Back to Starrett News Next Page | |