Lincoln Electric (LECO) Acquires Welding Consumables Producer Weartech Int'l
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Price: $273.83 --0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.2%
Revenue Growth %: +10.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.2%
Revenue Growth %: +10.4%
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Lincoln Electric Holdings, Inc. (Nasdaq: LECO) has acquired Weartech International, Inc., a privately-held producer of cobalt-based hard facing and wear-resistant welding consumables.
Weartech is headquartered in Anaheim, California, with manufacturing plants in Anaheim and Port Talbot, Wales. The company has annual sales of approximately $40 million and employs 140 people combined at both locations.
Terms of the transaction were not disclosed.
Weartech is headquartered in Anaheim, California, with manufacturing plants in Anaheim and Port Talbot, Wales. The company has annual sales of approximately $40 million and employs 140 people combined at both locations.
Terms of the transaction were not disclosed.
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