LINCOLN ELECTRIC HOLDINGS INC acquires Electro-Arco, S.A.

LINCOLN ELECTRIC HOLDINGS INC acquired Electro-Arco, S.A. for Not disclosed (annual sales ~$40 million USD), a transaction completed in April 2008.

Electro-Arco, S.A. operates in Consumables (Europe), is based in Near Lisbon, Portugal (exporter across Europe), had revenue of about approximately $40 million USD annual sales. Electro-Arco, S.A. is a privately held manufacturer of welding consumables based near Lisbon, Portugal. Founded over 70 years ago and continuously owned and operated by the Rodrigues family, it holds a leading position in the Portuguese welding market and is a significant exporter throughout Europe, with sales of approximately $40 million USD and 165 employees.

The acquisition significantly expands Lincoln's European consumables manufacturing capacity and widens its commercial presence in western Europe.

Leading Portuguese consumables maker and European exporter that adds western-European capacity. Lincoln Electric European consumables

This acquisition significantly expands our European consumables manufacturing capacity and widens our commercial presence in western Europe.John M. Stropki, Chairman and CEO, Lincoln Electric

Advisory firms were not disclosed for this transaction.

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