Samuel acquires remaining shares of Burloak
February 11, 2020
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Samuel, Son & Co., Limited announced the acquisition of all remaining shares of additive manufacturer Burloak Technologies.
“Our early belief in the transformative potential of additive manufacturing is paying off,” stated Colin Osborne, Samuel’s president and CEO. “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.”
Samuel originally acquired a minority stake in Burloak Technologies in 2017. Burloak works with companies in the space, aerospace, automotive and industrial markets.
“We are proud of the progress we’ve made to rapidly scale Burloak Technologies into an industry leader in a very short time,” said Peter Adams, Burloak’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.”
The company has appointed Simon Walls, Samuel’s Chief Commercial Officer, to the position of President, Burloak Technologies.
Peter Adams, previously Burloak’s President and co-founder, has been named co-founder and Chief Innovation Officer.
Walls joined Samuel in 2016, prior to which he served in sales and marketing leadership roles at GE Healthcare, Peoplesoft (now part of Oracle) and Telcordia Technologies.