Acquisition strengthens companys focus on welding education.
Latest In Lincoln Electric
Strength in North America and Europe offset challenges in Venezuela.
Acquisition strengthens companys automated welding and cutting segment.
Fourth-quarter sales declined 1.4 percent.
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Tennessee Rand manufactures tooling and robotic systems for welding applications.
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Sale includes Burny, Kaliburn and Cleveland Motion Controls brands.
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Lincoln CEO notes Wayne Trails design and system building experience and commercial success in laser welding.
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Cleveland,OH-based The Lincoln Electric Co. and Lincoln Global, Inc., two subsidiaries of Lincoln Electric Holdings, Inc., have filed a lawsuit against Lisco, Inc., a Los Angeles-based company doing business as Rhino Welders and Phoenix Welding Supply Co., for patent, trademark, copyright and trade dress infringement and unfair competition. The lawsuit was filed in the U.S. District Court for the Central District of California.
Rhino Welders recently imported and started selling a family of Chinese-manufactured MIG welders through its distributor, Phoenix Welding Supply. Lincoln Electric alleges that the machines are copies of Lincoln’s POWER MIG(R) line of welders and infringe Lincoln’s intellectual property …
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Lincoln Electric Holdings, Inc., Cleveland, OH, has acquired a 90% interest in Brastak, a Brazilian manufacturer of brazing products. The company is based in Sao Paulo and has annual sales of $30 million.
The Brastak acquisition represents the expansion of our brazing product line as well as our continued expansion into developing international markets,” said John M. Stropki, Lincoln Electric CEO.
Lincoln Electric designs, develops and manufactures arc welding products, robotic arc-welding systems, plasma and oxyfuel cutting equipment. …
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Cleveland, OH-based Lincoln Electric Holdings, Inc., a welding products manufacturer, reported sales for the second quarter 2008 increased 19.3% to $699.8 million over the same period 2007. Profits were $70.1 million, an increase of 26.9%.
For the first six months ended June 30, 2008, sales improved 16.2% to $1.32 billion over the first six months of 2007. Lincoln reported profits for the period of $123.6 million, up 19.7%.
U.S. export sales in the quarter increased 28.6% to $64.5 million from $50.1 million in 2007.
Sales at Lincoln subsidiaries outside North America increased to $299.1 million in the second quarter, compared with $222.8 million in the year ago quarter, an increase of 34.2%. Excluding acquisitions and the effect of changes in foreign …
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Welding product manufacturer Lincoln Electric Holdings, Inc., Cleveland, OH, reported sales in 2007 increased 15.7% to $2.28 billion. Profit in 2007 was up 15.8% to $202.7 million.
The company’s North American operations had sales of $1.4 billion in 2007, an increase of 7.3%. U.S. export sales increased 26.2% to $194.5 million. Lincoln operations outside of North America had sales of $879.4 million, an increase of 32%. In local currencies, sales for the company’s international operations increased 18.8%.
In the fourth quarter, sales were up 14.7% to $580.3 million. Profit was down 4.4% to $49.5 million. Sales for the company’s North American operations were $345.1 million in the quarter, an increase of 8.1%. U.S. export sales in the quarter increased 11.2% to …
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Lincoln Electric, Cleveland, OH, has acquired Vernon Tool Company Inc., a San Diego, CA-based manufacturer of computer-controlled pipe cutting equipment used for precision fabrication.
Vernon Tool’s annual sales are about $9 million. Its customer base is in industrial construction as well as infrastructure and energy-related segments.
Lincoln Electric is a manufacturer of arc welding products, robotic arc-welding systems, plasma and oxyfuel cutting equipment and has a leading global position in the brazing and soldering alloys market. It has 36 manufacturing locations and operations in 19 countries with distributors and sales offices in more than 160 …
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According to Welding Magazine, Lincoln Electric Holdings Inc. is suing a former employee for allegedly stealing company trade secrets and then using them to help a Chinese competitor enter the market.
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A suit filed in U.S. District Court in Cleveland, OH, says that the former marketing and sales employee attempted to help Ningbo Longxing Group Co. of China enter the welding products market in the, violating a non-compete agreement he had with Lincoln Electric.
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The employee went to work for CDL International Sales Inc., a unit of the Chinese company based in <place ...
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