After acquiring a minority stake in additive company Burloak Technologies in 2017, Canada-based Samuel, Son & Co., Limited has announced the full acquisition of the company. Burloak, now fully owned by the Canadian metal manufacturing leader, specializes in AM and provides support to partners in the aerospace, automotive and industrial markets in the adoption and use of 3D printing.
“Our early belief in the transformative potential of additive manufacturing is paying off,” said Colin Osborne, President and CEO of Samuel, Son & Co. “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.”
Also based in Canada, Burloak Technologies has carved out a prominent position for itself as an industrial AM expert. Since Samuel acquired a minority stake in its business in 2017, the company has opened a new AM Center of Excellence in Oakville, Ontario; acquired a Sciaky EBAM 3D printer for titanium production; partnered with members of the space and aerospace markets; and more.
“We are proud of the progress we’ve made to rapidly scale Burloak Technologies into an industry leader in a very short time,” commented Peter Adams, Burloak Technology’s Co-founder and Chief Innovation Officer. “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.”
As part of the acquisition agreement, Simon Walls, Chief Commercial Officer at Samuel, Son & Co, has been appointed President of Burloak Technologies, replacing Peter Adams, now Burloak’s Chief Innovation Officer (and Co-Founder). Walls, who has been at Samuel since 2016, will bring to the table his experience in sales and marketing from previous leadership positions at GE Healthcare, Peoplesoft (now part of Oracle) and Telcordia Technologies.