Hexagon Lincoln Acquires MasterWorks Family of Businesses
On Monday, Hexagon Lincoln announced it has closed on a transaction acquiring the main assets of MasterWorks family of businesses: MasterWorks Machining, MasterWorks Composite Solutions, and Helman Tensioners. MasterWorks and Helman Tensioners specialize in providing design and manufacturing solutions for the composites industry. The agreed transaction value is $1.7 million. The transaction took effect as of October 10, 2014. Located in Maryland, MasterWorks has 29 employees. The business will operate under a newly formed entity, MasterWorks, Inc., as a wholly owned subsidiary of Hexagon Lincoln, and will continue offering its products and services to the composites industry.