Lincoln Electric buys Portuguese welding equipment maker

Lincoln Electric Holdings Inc. (www.lincolnelectric.com) acquired Electro-Arco S.A. for an undisclosed amount.

Electro-Arco, based near Lisbon, Portugal, manufactures welding consumables. The company has annual sales of roughly $40 million and employs 165 people.

Lincoln Electric chairman and CEO John Stropki said: "This acquisition significantly expands our European consumables manufacturing capacity and widens our commercial presence in western Europe".