Ferro Technique acquires Lomar Machine Repair

CNC machine tool distributor Ferro Technique Ltd., Mississauga, Ont., a portfolio company of Argyle Capital Partners, has acquired Lomar Machine Repair Inc. from owners Frank and Mary Cirino.

Founded in 1993, Windsor, Ont.-based Lomar Machine Repair is a distributor of CNC machine tools and associated parts and provider of 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.