M&A Deal Summary

Lincoln Electric Acquires Shoals Tubular

On July 28, 2021, Lincoln Electric acquired manufacturer Shoals Tubular

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 1st transaction in Alabama.

M&A Deal Summary

Date 2021-07-28
Target Shoals Tubular
Sector Manufacturing
Buyer(s) Lincoln Electric
Deal Type Add-on Acquisition

Target

Shoals Tubular

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

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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 (Add-on Acquisition) 34 of 39
State (Alabama) 1 of 1
Country (United States) 22 of 25
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-28 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.

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 -