Lincoln Electric acquires Techalloy
Lincoln Electric Holdings Inc. has acquired the welding operation assets of Techalloy Company Inc. and of its parent company, Central Wire Industries Ltd. Known commercially as Techalloy, the Baltimore, Maryland-based manufacturer is a privately-held producer of nickel alloy and stainless steel welding consumables.
"The addition of Techalloy expands our product portfolio of high alloy consumables required to service customers in North America and around the world," said John M. Stropki, chairman and CEO. "In particular, Techalloy's nickel alloy welding consumables are positioned well globally in the high growth energy and infrastructure segments of our business. We expect growth in these segments to continue worldwide and believe the Techalloy product line will help expand and deepen our relationships with these key customers."