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Lincoln Electric Holdings, Inc.,Cleveland, OH, has signed a letter of intent to acquire all of the outstanding stock of the J.W. Harris Co., Inc., a privately held brazing and soldering alloys manufacturer headquartered in Mason, OH with fiscal 2004 sales of $100 million. Founded in 1914, Harris has 335 employees at manufacturing facilities in Ohio, Rhode Island and Mexico plus an international distribution center in Spain. The company is the market leader in the U.S. for high-quality brazing alloys.
In making the announcement, John M. Stropki, Lincoln Electric Chairman and Chief Executive Officer, said: "The acquisition of Harris will establish Lincoln as a leader in a complementary metals-joining technology and will also expand our global product offerings sold through Lincoln's worldwide sales and distribution network."
Lincoln Electric is the world leader in the design, development and manufacture of arc welding products, robotic arc-welding systems, plasma and oxyfuel cutting equipment. Headquartered in Cleveland, Ohio, Lincoln has operations, manufacturing alliances and joint ventures in 18 countries and a worldwide network of distributors and sales offices covering more than 160 countries. For more information about Lincoln Electric, its products and services, visit the Company's Web site at http://www.lincolnelectric.com .