LINCOLN ELECTRIC HOLDINGS INC acquisition history.

Fori Automation, founded in 1984 and headquartered in Shelby Township, Michigan, is a leading designer and manufacturer of complex, multi-armed automated welding systems, automated assembly systems, automated material handling solutions, large-scale industrial automated guided vehicles (AGVs) and end-of-line testing systems, primarily serving automotive and aerospace OEMs, with operations in six international facilities across Europe, Latin America and Asia. $427 million cash purchase price (subject to working-capital adjustment); funded a $400 million senior secured term loan to partially fund the deal.

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. Not disclosed (combined annual sales ~$50 million).

Lincoln acquired the soldering business of Worthington Industries, Inc. (NYSE: WOR) and, under a separate purchase agreement, certain brazing assets from Worthington. The acquired assets generate approximately $25 million in annual revenue and add premium solders and fluxes to the Harris Products Group portfolio. Not disclosed (annual revenue of acquired assets ~$25 million).

Coldwater Machine Company is a privately held Ohio-based flexible automation integrator and precision machining and assembly manufacturer using joining technologies such as laser and friction welding; Pro Systems is a privately held Indiana-based automation systems designer and integrator serving automotive, industrial, electrical and medical applications. Combined annual revenue is approximately $55 million. Not disclosed (combined annual revenue ~$55 million).

Air Liquide Welding (ALW), a subsidiary of Air Liquide, is an established leader in welding and cutting solutions in Europe, including its European and Canadian welding and gas valve businesses, with approximately 2,000 employees across six European countries and Canada, 13 manufacturing facilities, over 15,000 customers worldwide and FY2016 net sales of approximately EUR 367 million (USD$405 million). Its product mix was roughly 62% consumables (filler metals) and 38% equipment. EUR 115 million (approximately USD$134 million), including assumption of certain debt; approximately 7x EBITDA.

Vizient Manufacturing Solutions is a privately held robotic integrator specialized in custom engineered tooling and automated arc welding systems for general and heavy fabrication applications, headquartered and operating in Bettendorf, Iowa with operations in Brazil; annual sales are approximately $40 million. Not disclosed (annual sales ~$40 million).

Rimrock Holdings Corporation is a privately held manufacturer and integrator of industrial automation products and robotic systems with two divisions: Wolf Robotics LLC (robotic welding and cutting systems for heavy fabrication and transportation OEMs) and Rimrock Corporation (automated spray systems and turnkey robotic systems for die casting, foundry and forging). Headquartered in Columbus, Ohio with operations in Columbus and Fort Collins, Colorado; annual sales approximately $40 million. Not disclosed (annual sales ~$40 million).

Easom Automation Systems is a privately held integrator and manufacturer of automation and positioning solutions, serving heavy fabrication, aerospace and automotive OEMs and suppliers, with headquarters and operations in Detroit, Michigan and annual sales of approximately $30 million. Not disclosed (annual sales ~$30 million).

Lincoln acquired the Kaliburn, Burny and Cleveland Motion Control (CMC) businesses from ITT Corporation. Kaliburn designs and manufactures shape cutting solutions (including UltraSharp cutting technology); Burny produces shape cutting control systems; CMC manufactures web tension transducers and engineered machine systems. All three are consolidated in Ladson, South Carolina, employing about 140 people, with combined 2011 sales of $35 million. Not disclosed (combined 2011 annual sales ~$35 million).

Wayne Trail Technologies is a privately held Ohio-based manufacturer of flexible, automated systems and tooling, serving a wide range of metal forming, fabricating and joining applications, with headquarters and manufacturing in Ft. Loramie, Ohio, annual sales of approximately $50 million and 162 employees. Not disclosed (annual sales ~$50 million).

Weartech International is a privately held producer of cobalt-based hard facing and wear-resistant welding consumables, headquartered in Anaheim, California with manufacturing plants in Anaheim and Port Talbot, Wales; annual sales approximately $40 million and 140 employees combined. Not disclosed (annual sales ~$40 million).

Arc Products (SSCO Manufacturing, Inc.) is a privately held manufacturer of orbital welding systems and welding automation components based in Southern California (San Diego), with annual sales of approximately $5 million and over 40 employees. Orbital welding systems automatically weld pipe and tube in difficult-to-access locations for mission-critical, high-integrity applications. Not disclosed (annual sales ~$5 million).

OOO Severstal-metiz: welding consumables is a leading manufacturer of welding consumables in Russia and a subsidiary of OAO Severstal, with production facilities in Orel, Russia and 283 employees; 2010 estimated sales approximately $40 million USD. The transaction included manufacturing operations and exclusive distribution rights of the Severstal brand of welding consumables. Not disclosed (2010 estimated sales ~$40 million USD).

Mezhgosmetiz-Mtsensk OAO ('MGM') is a privately held welding wire manufacturer based in the Orel region of Russia, with annual sales of approximately $30 million and over 200 employees. The deal provided Lincoln its first manufacturing operation in Russia plus established distribution channels for the Russian and CIS welding markets. Not disclosed (annual sales ~$30 million).

Jinzhou Jin Tai Welding and Metal Co., Ltd. ('Jin Tai') is a welding wire business in Jinzhou, China. Lincoln Asia Pacific had owned 48% and acquired 100% control by acquiring the remaining 52% (previously held by Taiwan-based Kuang Tai Metal Industrial Co. and other partners). Jin Tai's annualized first-half 2009 sales were approximately $130 million. Exchange of Lincoln's 35% interest in Kuang Tai Metal Industrial Co. plus cash of approximately $39 million and assumption of net debt of approximately $10 million.

Brastak is a leading Brazilian manufacturer of brazing products, based in Sao Paulo, with annual sales of approximately $30 million. Founded by the Takemoto family in 1973, it is ISO 9001/2000 certified and was a pioneer in ISO 14001 certification within the Brazilian brazing alloys industry. Lincoln acquired a 90% interest. Not disclosed (annual sales ~$30 million).

Electro-Arco, S.A. is a privately held manufacturer of welding consumables based near Lisbon, Portugal. Founded over 70 years ago and continuously owned and operated by the Rodrigues family, it holds a leading position in the Portuguese welding market and is a significant exporter throughout Europe, with sales of approximately $40 million USD and 165 employees. Not disclosed (annual sales ~$40 million USD).

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. Not disclosed (annual sales ~$9 million).

Nanjing Kuang Tai Welding Material Co., Ltd. is a manufacturer of stick electrode products based in Nanjing, China, with annual sales of approximately $10 million USD. Lincoln previously owned 35% indirectly through its investment in Kuang Tai Metal Industrial Co. Ltd., the seller in the transaction. Not disclosed (annual sales ~$10 million USD).

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. Not disclosed (annual sales ~USD 24 million).

J.W. Harris Co., Inc. (acquired together with Autobraze Inc. and Harris-Euro Corp.) is a privately held brazing and soldering alloys manufacturer headquartered in Mason, Ohio, with 335 employees, manufacturing plants in Ohio and Rhode Island and an international distribution center in Spain; annual sales approximately $100 million. approximately $85 million net aggregate purchase price ($70 million in cash plus $15 million of assumed debt).