CLEVELAND, Aug. 7, 2015 /PRNewswire/ -- Lincoln
Electric Holdings, Inc. (Nasdaq: LECO) announced today that it has
acquired Specialised Welding Products (SWP), a privately held
provider of specialty welding consumables in Australia and New Zealand. SWP's leading
team of technical representatives and metallurgists also provide
fabrication, maintenance and repair services for alloy and wear
resistant products commonly used in mining and energy sector
applications.
SWP is headquartered in Melbourne,
Australia and will continue to operate independently as an
entity of Lincoln Electric Australia. SWP will broaden
Lincoln Electric's presence and specialty alloy offering in the
region. Terms of the transaction were not disclosed.
About Lincoln Electric
Lincoln Electric is the world
leader in the design, development and manufacture of arc welding
products, robotic arc welding systems, plasma and oxy-fuel cutting
equipment and has a leading global position in the brazing and
soldering alloys market. Headquartered in Cleveland, Ohio, Lincoln has 47 manufacturing
locations, including operations and joint ventures in 19 countries
and a worldwide network of distributors and sales offices covering
more than 160 countries. For more information about Lincoln
Electric and its products and services, visit the company's website
at www.lincolnelectric.com.
Forward-Looking Statements
The Company's expectations
and beliefs concerning the future contained in this news release
are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements reflect
management's current expectations and involve a number of risks and
uncertainties. Forward-looking statements generally can be
identified by the use of words such as "may," "will," "expect,"
"intend," "estimate," "anticipate," "believe," "forecast,"
"guidance" or words of similar meaning. Actual results may differ
materially from such statements due to a variety of factors that
could adversely affect the Company's operating results. The factors
include, but are not limited to: general economic and market
conditions; the effectiveness of post-acquisition integration
efforts; and market risks and price fluctuations related to the
purchase of commodities and energy. For additional discussion, see
"Item 1A. Risk Factors" in the Company's Annual Report on Form
10-K.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/lincoln-electric-acquires-specialised-welding-products-swp-300125500.html
SOURCE Lincoln Electric Holdings, Inc.