Lincoln Electric acquires Century operations
Dec 1, 2003 12:00 PM
Lincoln Electric Holdings Inc has formally completed the purchase of the Century welding and cutting equipment, accessories, and battery charger businesses of Clore Automotive LLC. The Marquette brand of welding products is also included in the acquisition.
Terms of the acquisition were not disclosed. Approximately $14 million of sales is included in the purchase.
These products and brands complement Lincoln's retail and professional products business. Lincoln's WCTA (Welding, Cutting, Tools, & Accessories Inc) business unit, formed in 2003, consolidated all of the firm's retail and professional channel business into one dedicated business unit.
