LINCOLN ELECTRIC HOLDINGS INC acquired Vanair Manufacturing, LLC for Not disclosed, a transaction completed in July 2024.
Vanair Manufacturing, LLC operates in Americas Welding, is based in Michigan City, Indiana, USA (U.S. service truck market), had revenue of about approximately $100 million annual revenue. Vanair is a privately held, Michigan City, Indiana-based manufacturer of mobile power solutions serving the U.S. service truck market, with approximately $100 million in annual revenue and a low double-digit percent EBIT margin.
Vanair offers the industry's most comprehensive portfolio of mobile power solutions, complementing Lincoln Electric's maintenance and repair consumable offering and building on joint equipment development the two companies had been pursuing.
Most comprehensive mobile power portfolio in a fast-growing service-truck channel with low double-digit EBIT margins. Reported in the Americas Welding segment
We are pleased to welcome the Vanair team to Lincoln Electric. Vanair is renowned for their leading high-quality manufacturing, innovation, and engineering expertise in the fast-growing maintenance and repair service truck market. By joining together, Lincoln Electric will capitalize on this channel opportunity to accelerate growth and broaden our technology platform for long-term value creation.Steven B. Hedlund, President and CEO, Lincoln Electric
Advisory firms were not disclosed for this transaction.