Samuel Acquires CAID Industries
By Metal Center News Staff
on May 15, 2018
Samuel, Son and Co., Mississauga, Ontario, has made another move downstream, with the acquisition of Tucson, Ariz.-based CAID Industries. CAID is a provider of fabrication and precision machining services, among others.
“CAID has developed an outstanding reputation in the industry and its talented team is known for its engineering expertise, commitment to quality and the innovative solutions it provides to customers," said Rod Crawford, president of Samuel Manufacturing. “Welcoming the CAID team into the Samuel family of companies will allow us to broaden our reach into new markets and strengthen our geographic footprint in the Southwest United States."
In addition to its fabrication and machining services, CAID provides mining and mineral processing technologies, engineered systems, and automation equipment for customers in a range of markets, including mining, energy, aerospace and healthcare.
“We are extremely proud of what the CAID team has built over the last 70 years," said Rob Assenmacher, president of CAID Industries. “This is a marriage of two great family businesses. As a longtime customer of Samuel, our companies have developed a strong relationship. Now joining Samuel gives our organization the ability to significantly accelerate our growth while offering a larger portfolio of products to our customers."
Assenmacher will continue leading the business as president of CAID Group, which will operate as a separate business unit within Samuel's manufacturing division. Founded in 1947, CAID Industries is one of the largest industrial metal fabricators and specialty manufacturers in the Southwest United States.