TB Woods Buys Lincoln Electric Division

Lincoln Electric Corp., Cleveland, has agreed to sell its electric motor division to TB Woods Corp. for an undisclosed sum.The division manufactures engines

Lincoln Electric Corp., Cleveland, has agreed to sell its electric motor division to TB Woods Corp. for an undisclosed sum.

The division manufactures engines ranging in size from 1/4 to 1,250 horsepower and has annual sales of about

$60 million, according to company officials.

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