CARY, N.C.—Lord Corp. has purchased the assets of Stellar Technology Inc. to bolster its existing capabilities in sensing systems and motion control technologies.
Stellar designs and manufactures custom sensing products for the oil and gas, aerospace, industrial and other markets.
The transaction will position the product lines of Lord and Stellar for quicker technology commercialization across their respective markets, Lord said. It added that it will leverage the innovative capabilities of Stellar for further expansion into new markets and regions, with an emphasis on the oil and gas segment.
Lord said Stellar's pressure, load, force, torque, displacement and temperature products are complementary to its existing capabilities in sensing systems and motion control technologies.
Stellar, founded in 1991, is based in Amherst, N.Y., where it has an engineering and manufacturing facility. It also has a sales and marketing center in Columbus, Ohio, and regional sales offices in Cleveland, Houston and Salt Lake City.