Lincoln Electric acquires Brazilian manufacturer
Cleveland-based professional tools manufacturer Lincoln Electric has announced the acquisition of a 90 percent interest in Sao Paulo, Brazil-based Brastak.
The $30 million deal increases Lincoln Electric’s worldwide operations. Brastak produces brazing products, used in the welding and repair of pipes and plumbing.
"The Brastak acquisition represents the expansion of our brazing product line as well as our continued expansion into developing international markets," said John M. Stropki, chairman and CEO of Lincoln Electric. He said the move primarily will help the company serve professionals in South America.
Lincoln Electric is one of the world’s largest manufacturers of arc welding products.