Home » Lincoln Electric Acquires 90% Stake in Brazilian Supplier
Lincoln Electric Acquires 90% Stake in Brazilian Supplier
October 6, 2008
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.