LINCOLN ELECTRIC HOLDINGS INC acquired SSCO Manufacturing, Inc. (Arc Products) for Not disclosed (annual sales ~$5 million), a transaction completed in January 2011. The deal was a Asset purchase.
SSCO Manufacturing, Inc. (Arc Products) operates in Automation, is based in San Diego / Southern California, USA, had revenue of about approximately $5 million annual sales. Arc Products (SSCO Manufacturing, Inc.) is a privately held manufacturer of orbital welding systems and welding automation components based in Southern California (San Diego), with annual sales of approximately $5 million and over 40 employees. Orbital welding systems automatically weld pipe and tube in difficult-to-access locations for mission-critical, high-integrity applications.
The acquisition complements Lincoln's ability to serve global customers in the nuclear, power generation and process industries; orbital welding is one of the fastest-growing segments of the industry and Arc Products' line, combined with Lincoln's power sources and engineering, builds a global leadership position in the segment.
Orbital welding systems for nuclear/power/process pipe applications, a fast-growing high-integrity segment. Lincoln Electric automation/welding
Orbital welding is one of the fastest growing segments of our industry. Arc Products has a robust and cost effective line of orbital welding products that, combined with Lincoln's advanced welding power sources and applications engineering expertise, will allow us to quickly build a global leadership position in this important segment.John M. Stropki, Chairman and CEO, Lincoln Electric
Joining with Lincoln will enable us to service and support end-users on a global basis, and will further accelerate our rapid growth in orbital welding systems.Victor Miller, President, Arc Products
Advisory firms were not disclosed for this transaction.