LINCOLN ELECTRIC HOLDINGS INC acquires Techalloy Company, Inc.

LINCOLN ELECTRIC HOLDINGS INC acquired Techalloy Company, Inc., a transaction completed in July 2011, structured as Asset purchase (Lincoln acquired the welding operation assets of Techalloy Company, Inc. and parent Central Wire Industries Ltd.).

Techalloy Company, Inc. is based in Baltimore, Maryland, USA. Techalloy is a Baltimore, Maryland-based privately held producer of nickel alloy and stainless steel welding consumables. Lincoln acquired the welding operation assets of Techalloy Company, Inc. and of its parent, Central Wire Industries Ltd. The business had annual sales of approximately $70 million and 55 employees.

The deal expanded Lincoln's portfolio of high-alloy consumables. Management saw Techalloy's nickel alloy welding consumables as well positioned in the high-growth energy and infrastructure segments and expected the product line to deepen relationships with key customers globally.

The addition of Techalloy expands our product portfolio of high alloy consumables required to service customers in North America and around the world.John M. Stropki, Chairman and Chief Executive Officer, Lincoln Electric

Advisory firms were not disclosed for this transaction.

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