M&A Deal Summary

Lincoln Electric Acquires Fabricated Tube Products

On July 28, 2021, Lincoln Electric acquired manufacturer Fabricated Tube Products from Mueller Industries

Acquisition Highlights
  • This is Lincoln Electric’s 12th transaction in the Manufacturing sector.
  • This is Lincoln Electric’s 22nd transaction in the United States.
  • This is Lincoln Electric’s 2nd transaction in Tennessee.

M&A Deal Summary

Date 2021-07-28
Target Fabricated Tube Products
Sector Manufacturing
Buyer(s) Lincoln Electric
Sellers(s) Mueller Industries
Deal Type Divestiture

Target

Fabricated Tube Products

Carthage, Tennessee, United States
Fabricated Tube Products manufactures copper and aluminum headers, distributor assemblies, and manifolds in the United States and Mexico for the HVAC sector. Fabricated Tube Products is based in Carthage, Tennessee.

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Buyer(S) 1

Buyer

Lincoln Electric

Cleveland, Ohio, United States

Category Company
Founded 1895
Sector Machinery
Employees12,000
Revenue 4.2B USD (2023)
DESCRIPTION
Entrance to Lincoln Electric's corporate headquarters in Cleveland, Ohio.
Entrance to Lincoln Electric's corporate headquarters in Cleveland, Ohio.

Lincoln Electric is a designer and manufacturer of arc welding products, robotic arc welding systems, plasma, and oxy-fuel cutting equipment and has a global position in the brazing and soldering alloys market. Lincoln Electric was founded in 1895 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 42 of 47
Sector (Manufacturing) 12 of 12
Type (Divestiture) 7 of 7
State (Tennessee) 2 of 2
Country (United States) 22 of 25
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-28 Shoals Tubular

Florence, Alabama, United States

Shoals Tubular is a manufacturer of copper and aluminum headers. Shoals Tubular is based in Florence, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 Kestra

Sao Paul, Brazil

Kestra manufactures and provides specialty welding consumables, wear plates, and maintenance and repair services for alloy and wear-resistant products commonly used in mining, steel, agricultural, and industrial mill applications. Kestra is based in Sao Paul, Brazil.

Buy -

Seller(S) 1

SELLER

Mueller Industries

Memphis, Tennessee, United States

Category Company
Founded 1917
Sector Metals/Mining
Employees4,509
Revenue 3.4B USD (2023)
DESCRIPTION

Mueller Industries is a manufacturer of copper tube and fittings; brass and copper alloy rod, bar and shapes; aluminum and brass forgings; aluminum and copper impact extrusions; plastic fittings and valves; refrigeration valves and fittings; and fabricated tubular products. Mueller Industries was founded in 1917 and is based in Memphis, Tennessee.


DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 1 of 1
Type (Divestiture) 2 of 2
State (Tennessee) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-21 Hart & Cooley Flexible Duct Business

Grand Rapids, Michigan, United States

Hart & Cooley Flexible Duct Business provides economical solutions to air-handling needs by using Formaldehyde-Free insulation for improved indoor air quality. The products are performance-tested in accordance with industry standards to ensure reliability and years of service. Its core is tested (in accordance with ADC FD 72-R1) for actual installation static pressure/temperature performance and meets the ratings specified in the catalog. The polyester cores are also tested for microbial resistance by GEI per ASTM D6329-98. The vapor barriers are tested for permeation in accordance with ASTM test methods.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-22 Nehring Electrical Works

DeKalb, Illinois, United States

Nehring Electrical Works produces high-quality wire and cable solutions for the utility, telecommunication, electrical distribution, and OEM markets. Nehring Electrical Works was founded in 1912 and is based in DeKalb, Illinois.

Buy $575M