LINCOLN ELECTRIC HOLDINGS INC acquired Overstreet-Hughes Company, Inc. (Fabricated Tube Products / FTP) and Shoals Tubular, Inc. for Not disclosed (combined annual sales ~$50 million), a transaction completed in July 2021.
Overstreet-Hughes Company, Inc. (Fabricated Tube Products / FTP) and Shoals Tubular, Inc. operates in The Harris Products Group, is based in United States and Mexico (HVAC sector), had revenue of about combined annual sales approximately $50 million. Overstreet-Hughes Company (Fabricated Tube Products, 'FTP') and Shoals Tubular manufacture copper and aluminum headers, distributor assemblies and manifolds in the United States and Mexico for the HVAC sector, with combined annual sales of approximately $50 million.
The addition of FTP and Shoals further differentiates The Harris Products Group's competitive position serving HVAC OEMs with a comprehensive portfolio for HVAC coil fabrication and accelerates growth in the attractive HVAC market.
Comprehensive HVAC coil-fabrication portfolio positioning Harris Products Group to capitalize on HVAC growth. The Harris Products Group
We are excited to welcome FTP and Shoals to Lincoln Electric and integrate their industry-leading offering and expertise into our Harris Products Group business. Our combined portfolio now offers HVAC OEMs with the broadest portfolio of solutions and application expertise for high-quality and efficient HVAC coil fabrication.Christopher L. Mapes, Chairman, President and CEO, Lincoln Electric
Advisory firms were not disclosed for this transaction.