Ferro Technique acquires Lomar Machine Repair

Lomar Machine Repair, a Windsor, Ont.–based distributor of CNC machine tools and associated parts, has been acquired by Ferro Technique Ltd..

Ferro Technique, a CNC machine tool distributor and portfolio company of Argyle Capital Partners, assumes control of the business from Lomar’s owners Frank and Mary Cirino.

Founded in 1993, Lomar Machine Repair provides aftermarket service to the manufacturing sector in Southwestern Ontario. Lomar management and employees will be joining the Ferro team and continuing to provide sales and service as a division of Ferro Technique.

Ferro services the Ontario, Quebec and the Maritime manufacturing industries from its locations in Mississauga, Ont., Montreal, Que. and now Windsor, Ont.

“Lomar is a great strategic addition to Ferro, as it will help us better serve our existing customer base and expand our sales in Southwestern Ontario,” says Brian Donnelly, president of Ferro Technique in a statement.

Frank Cirino, president of Lomar, says, “We are extremely excited about the merging of these two companies and will continue to service our customers with the same standards and reputation we have worked hard to develop over the past 27 years.”