Announced

Completed

Lincoln Electric completed the acquisition of Overstreet-Hughes Company and Shoals Tubular.

Synopsis

Lincoln Electric, a developer and manufacturer of arc welding products, completed the acquisition of Overstreet-Hughes Company and Shoals Tubular, copper and aluminum headers manufacturers. Financial terms were not disclosed. “We are excited to welcome FTP and Shoals to Lincoln Electric and integrate their industry-leading offering and expertise into our Harris Products Group business. Our combined portfolio now offers HVAC OEMs with the broadest portfolio of solutions and application expertise for high-quality and efficient HVAC coil fabrication. The acquisition also positions HPG to better capitalize on the attractive HVAC growth opportunity as part of our Higher Standard 2025 Strategy,” Christopher L. Mapes, Lincoln Electric Chairman, President and CEO.

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