LINCOLN ELECTRIC HOLDINGS INC acquired Metrode Products Limited for Not disclosed (annual sales ~USD 24 million), a transaction completed in October 2006.
Metrode Products Limited operates in Consumables (specialty, Europe), is based in Near London, England, UK, had revenue of about approximately USD 24 million annual sales. Metrode Products Limited is a privately held manufacturer of specialty welding consumables focused on the process and power generation industries, headquartered near London, England, with annual sales of approximately USD 24 million.
The acquisition provides Lincoln with high-quality, innovative solutions for specialty high-end applications including the rapidly growing power generation and petrochemical industries, adding the Metrode product line and team to Lincoln's global product offerings and distribution network.
Specialty high-end consumables for fast-growing power-generation and petrochemical markets. Lincoln Electric global consumables
We are very pleased to add the Metrode product line and strong personnel team to Lincoln's global product offerings and distribution network. This acquisition provides Lincoln with high quality, innovative solutions for many specialty high-end applications including the rapidly growing power generation and petrochemical industries.John M. Stropki, Chairman and CEO, Lincoln Electric
Advisory firms were not disclosed for this transaction.