LINCOLN ELECTRIC HOLDINGS INC acquires Overstreet-Hughes Company, Inc. (Fabricated Tube Products / FTP) and Shoals Tubular, Inc.
Snapshot
LINCOLN ELECTRIC HOLDINGS INC acquired Overstreet-Hughes Company, Inc. (Fabricated Tube Products / FTP) and Shoals Tubular, Inc. for Not disclosed (combined annual sales ~$50 million) in July 2021. Overstreet-Hughes Company, Inc. (Fabricated Tube Products / FTP) and Shoals Tubular, Inc. is a United States and Mexico (HVAC sector)-based The Harris Products Group business.
- Acquirer
- LINCOLN ELECTRIC HOLDINGS INC
- Target
- Overstreet-Hughes Company, Inc. (Fabricated Tube Products / FTP) and Shoals Tubular, Inc.
- Value
- Not disclosed (combined annual sales ~$50 million)
- Date
- July 2021
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
LINCOLN ELECTRIC HOLDINGS INC acquired Overstreet-Hughes Company, Inc. (Fabricated Tube Products / FTP) and Shoals Tubular, Inc. for Not disclosed (combined annual sales ~$50 million), a transaction completed in July 2021.
Overstreet-Hughes Company, Inc. (Fabricated Tube Products / FTP) and Shoals Tubular, Inc. operates in The Harris Products Group, is based in United States and Mexico (HVAC sector), had revenue of about combined annual sales approximately $50 million. Overstreet-Hughes Company (Fabricated Tube Products, 'FTP') and Shoals Tubular manufacture copper and aluminum headers, distributor assemblies and manifolds in the United States and Mexico for the HVAC sector, with combined annual sales of approximately $50 million.
The addition of FTP and Shoals further differentiates The Harris Products Group's competitive position serving HVAC OEMs with a comprehensive portfolio for HVAC coil fabrication and accelerates growth in the attractive HVAC market.
Comprehensive HVAC coil-fabrication portfolio positioning Harris Products Group to capitalize on HVAC growth. The Harris Products Group
No advisory firms have been disclosed for this transaction.