LINCOLN ELECTRIC HOLDINGS INC acquires Vanair Manufacturing, LLC
Snapshot
LINCOLN ELECTRIC HOLDINGS INC acquired Vanair Manufacturing, LLC for Not disclosed in July 2024. Vanair Manufacturing, LLC is a Michigan City, Indiana, USA (U.S. service truck market)-based Americas Welding business.
- Acquirer
- LINCOLN ELECTRIC HOLDINGS INC
- Target
- Vanair Manufacturing, LLC
- Value
- Not disclosed
- Date
- July 2024
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
LINCOLN ELECTRIC HOLDINGS INC acquired Vanair Manufacturing, LLC for Not disclosed, a transaction completed in July 2024.
Vanair Manufacturing, LLC operates in Americas Welding, is based in Michigan City, Indiana, USA (U.S. service truck market), had revenue of about approximately $100 million annual revenue. Vanair is a privately held, Michigan City, Indiana-based manufacturer of mobile power solutions serving the U.S. service truck market, with approximately $100 million in annual revenue and a low double-digit percent EBIT margin.
Vanair offers the industry's most comprehensive portfolio of mobile power solutions, complementing Lincoln Electric's maintenance and repair consumable offering and building on joint equipment development the two companies had been pursuing.
Most comprehensive mobile power portfolio in a fast-growing service-truck channel with low double-digit EBIT margins. Reported in the Americas Welding segment
No advisory firms have been disclosed for this transaction.