Lincoln Electric Holdings this week acquired Weartech International, a privately held producer of cobalt-based hard facing and wear-resistant welding consumables. Based in Anaheim, Calif., with manufacturing plants in Anaheim and Port Talbot, Wales, Weartech has annual sales of about $40 million and employs 140 people combined at both locations.
“The acquisition of Weartech is a continuation of our ongoing strategy to expand the breadth of our consumable product portfolio to better service our global customer base,” said John Stropki, Lincoln Electric chairman and CEO. “Weartech is well-positioned globally in the specialized cobalt welding consumable market, selling primarily to the high growth energy and process chemical segments. We expect strong growth in these segments and believe the Weartech product line will help expand and deepen our relationships with key global customers.”
Weartech has provided technical solutions to customers facing wear problems internationally for 20 years, added Patrick Iyer, Weartech president. “Joining with Lincoln will significantly expand our distribution network and our ability to reach these customers worldwide,” he said. “Our management team, with more than 150 years of combined experience, is looking forward to becoming part of Lincoln Electric and continuing to serve our customers around the world.”
Based in Cleveland, Lincoln Electric is a world leader in the design, development and manufacture of arc welding products, robotic arc welding systems, fume extraction equipment and plasma and oxyfuel cutting equipment, and a leading global position in the brazing and soldering alloys market.