LINCOLN ELECTRIC HOLDINGS INC acquired Brastak (Brazilian brazing products manufacturer) - 90% interest for Not disclosed (annual sales ~$30 million), a transaction completed in October 2008.
Brastak (Brazilian brazing products manufacturer) - 90% interest operates in Consumables (brazing, Brazil), is based in Sao Paulo, Brazil, had revenue of about approximately $30 million annual sales. Brastak is a leading Brazilian manufacturer of brazing products, based in Sao Paulo, with annual sales of approximately $30 million. Founded by the Takemoto family in 1973, it is ISO 9001/2000 certified and was a pioneer in ISO 14001 certification within the Brazilian brazing alloys industry. Lincoln acquired a 90% interest.
The acquisition expands Lincoln's brazing product line and continues its expansion into developing international markets, strengthening its presence in Brazil and providing a platform for servicing South America with high-quality brazing products.
Established, ISO-certified Brazilian brazing-products maker as a South American platform. Lincoln Electric brazing/consumables (South America)
The Brastak acquisition represents the expansion of our brazing product line as well as our continued expansion into developing international markets. The Brastak business, previously owned and operated by the Takemoto family, will strengthen our presence in the Brazilian market and provide a platform for servicing the South American region with high quality brazing products.John M. Stropki, Chairman and CEO, Lincoln Electric
Advisory firms were not disclosed for this transaction.