Fairbanks Morse Defense Acquires Samtan Engineering Corporation
Summary
BELOIT, Wis.--(BUSINESS WIRE)--Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, has acquired single-source metalworking supplier Samtan Engineering Corporation based in Malden, Massachusetts. Their team will be a valuable addition to the Fairbanks Morse Defense brand.” Since 1962, Samtan Engineering Corporation has evolved into a leading single-source metalworking supplier with services such as shearing, punching, forming, machining, welding, and assembly capabilities. We’re looking forward to bringing these expanded capabilities to our customers as part of the FMD team.” The acquisition represents a further expansion of FMD’s portfolio of turnkey marine solutions after the recent additions of manufacturing and service providers, including American Fan, Maxim Watermakers, Federal Equipment Company (FEC), Hunt Valve Company, Ward Leonard, and Welin Lambie. These increased capabilities support FMD’s ongoing mission to build, maintain, and service the most trusted naval power and propulsion systems on the planet. In times of peace and war, the experienced engineers, sailors, and technicians of FMD demonstrate our commitment to supporting the mission and vision of critical global naval operations wherever and whenever needed.