LINCOLN ELECTRIC HOLDINGS INC acquired Vernon Tool Company, Ltd. for Not disclosed (annual sales ~$9 million), a transaction completed in November 2007. The deal was a Asset/business purchase.
Vernon Tool Company, Ltd. operates in Cutting / Automation, is based in San Diego, California, USA, had revenue of about approximately $9 million annual sales. Vernon Tool Company, founded in 1930 and based in San Diego, California, is a privately held manufacturer of computer-controlled pipe cutting equipment used for precision fabrication, providing solutions to difficult pipe fabrication and process flow issues in industrial construction and heavy fabrication for infrastructure and energy segments; annual sales approximately $9 million.
The acquisition adds to Lincoln's ability to support customers in the growing market for infrastructure development, with Vernon Tool's experienced management team joining Lincoln.
Computer-controlled pipe-cutting equipment for infrastructure and energy heavy fabrication. Lincoln Electric cutting/automation
Vernon Tool is a solid company, and we are pleased that its experienced management team will be joining Lincoln as we add the company's product line to Lincoln's product offering and global sales network. This acquisition adds to Lincoln's ability to support its customers in the growing market for infrastructure development.John M. Stropki, Chairman and CEO, Lincoln Electric
Advisory firms were not disclosed for this transaction.