LINCOLN ELECTRIC HOLDINGS INC acquires Nanjing Kuang Tai Welding Material Co., Ltd.

LINCOLN ELECTRIC HOLDINGS INC acquired Nanjing Kuang Tai Welding Material Co., Ltd. for Not disclosed (annual sales ~$10 million USD), a transaction completed in July 2007.

Nanjing Kuang Tai Welding Material Co., Ltd. operates in International / Consumables (China), is based in Nanjing, China, had revenue of about approximately $10 million USD annual sales. Nanjing Kuang Tai Welding Material Co., Ltd. is a manufacturer of stick electrode products based in Nanjing, China, with annual sales of approximately $10 million USD. Lincoln previously owned 35% indirectly through its investment in Kuang Tai Metal Industrial Co. Ltd., the seller in the transaction.

The acquisition adds the Nanjing product line and personnel to Lincoln's product offering and distribution network in China and complements Lincoln's existing portfolio of stick electrode products manufactured in Lincoln Electric Inner Mongolia.

Stick-electrode manufacturing that complements Lincoln's existing China consumables footprint. Lincoln Electric China consumables

We are pleased to add the Nanjing product line and strong personnel team to Lincoln's product offering and distribution network in China. This acquisition complements Lincoln's existing portfolio of stick electrode products manufactured in Lincoln Electric Inner Mongolia.John M. Stropki, Chairman and CEO, Lincoln Electric

Advisory firms were not disclosed for this transaction.

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