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Thursday, May 30, 2024

Welding Firm Opens New Subsidiary

Arc Machines Inc. has formed a new subsidiary to market and sell welding products in new markets and industries. Pacoima-based Arc formed the subsidiary after acquiring certain assets of Exel Orbital Systems, a manufacturer of orbital welding products in Santa Monica. The combination of Arc’s products and technology with Exel’s creates a lower cost orbital welding system that will bolster Arc’s efforts to sell in emerging markets and in industries where use of automated orbital welding is growing. The acquisition marks Arc’s first major investment since being recapitalized by Marwit Capital Partners II, L.P. in January.

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