Lincoln Electric Completes Purchase of Century Welding and Cutting, and Battery Charger Businesses from Clore Automotive
October 31 2003 - 8:41AM
PR Newswire (US)
Lincoln Electric Completes Purchase of Century Welding and Cutting,
and Battery Charger Businesses from Clore Automotive CLEVELAND,
Oct. 31 /PRNewswire-FirstCall/ -- Lincoln Electric Holdings, Inc.
announced today that it formally completed the previously announced
acquisition of the Century welding and cutting equipment,
accessories and battery charger businesses of Clore Automotive LLC.
The acquisition also includes the Marquette brand of welding
products. The Century and Marquette branded products have leading
positions in the automotive after-market and retail DIY channels
and will become part of Lincoln Electric's WCTA (Welding, Cutting,
Tools & Accessories, Inc.) business unit, which serves the
retail and professional products channel. Lincoln Electric is the
world leader in the design, development and manufacture of arc
welding products, robotic arc-welding systems, plasma and oxyfuel
cutting equipment. Headquartered in Cleveland, Ohio, Lincoln has
operations, manufacturing alliances and joint ventures in 18
countries and a worldwide network of distributors and sales offices
covering more than 160 countries. For more information about
Lincoln Electric, its products and services, visit the Company's
Web site at http://www.lincolnelectric.com/ . DATASOURCE: Lincoln
Electric Holdings, Inc. CONTACT: Roy L. Morrow of Lincoln Electric
Holdings, Inc., +1-216-383-4893, or email, Web site:
http://www.lincolnelectric.com/
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