Lincoln Electric Holdings, Inc. has acquired substantially all of the assets of Arc Products, a privately-held manufacturer of orbital welding systems and welding automation components based in Southern California. Orbital welding systems are designed to automatically weld pipe and tube in difficult to access locations and for mission-critical applications requiring high weld integrity and sophisticated quality monitoring capabilities. The acquisition will complement Lincoln's ability to serve global customers in the nuclear, power generation and process industries worldwide.
Arc Products has annual sales of approximately $5 million and employs over 40 people. Terms were not disclosed.
"Orbital welding is one of the fastest growing segments of our industry," said John M. Stropki, Chairman and Chief Executive Officer. "Arc Products has a robust and cost effective line of orbital welding products that, combined with Lincoln's advanced welding power sources and applications engineering expertise, will allow us to quickly build a global leadership position in this important segment."
"Joining with Lincoln will enable us to service and support end-users on a global basis, and will further accelerate our rapid growth in orbital welding systems," said Victor Miller, President of Arc Products.
"We have been impressed with Arc Products' strong product line and R&D capabilities, and we believe that Arc Products will help expand and deepen our relationships with key customers," said Mr. Stropki.