Lincoln Electric Completes Purchase of Century Welding and Cutting, and Battery Charger Businesses from Clore Automotive
CLEVELAND, Oct. 31, 2003 -- Lincoln Electric Holdings, Inc. announced today that it formally completed the previously announced acquisition of the Century welding and cutting equipment, accessories and battery charger businesses of Clore Automotive LLC. The acquisition also includes the Marquette brand of welding products.
The Century and Marquette branded products have leading positions in the automotive after-market and retail DIY channels and will become part of Lincoln Electric's WCTA (Welding, Cutting, Tools & Accessories, Inc.) business unit, which serves the retail and professional products channel.
Lincoln Electric is the world leader in the design, development and manufacture of arc welding products, robotic arc-welding systems, plasma and oxyfuel cutting equipment. Headquartered in Cleveland, Ohio, Lincoln has operations, manufacturing alliances and joint ventures in 18 countries and a worldwide network of distributors and sales offices covering more than 160 countries. For more information about Lincoln Electric, its products and services, visit the Company's Web site at www.lincolnelectric.com .