The 2020 Mid-Year Economic Update_long

Lincoln Electric Buys Easom Automated Systems

Acquisition strengthens companys automated welding and cutting segment.

Lincoln Electric Holdings Inc. (Nasdaq: LECO), Cleveland, OH, has acquired privately held automated systems manufacturer Easom Automated Systems Inc., Detroit, MI. Terms were not disclosed.

Easom Automation, which serves heavy fabrication, aerospace and automotive OEMs and suppliers, has annual sales of $30 million.

The acquisition advances Lincoln's position in automated welding and cutting through its complementary applications, said Christopher L. Mapes, Lincoln Electric CEO.

Lincoln Electric has 45 manufacturing locations, including operations and joint ventures in 19 countries.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.