Lincoln Electric Acquires Torchmate, Techalloy

September 5, 2011

Lincoln Electric Holdings Inc., Cleveland, Ohio, has acquired substantially all of the assets of Applied Robotics Inc., a manufacturer of CNC cutting tables and accessories. Applied Robotics, known in the welding industry by its brand name, Torchmate, has headquarters and manufacturing facilities based in Reno, Nev.

Torchmate builds CNC plasma and oxyfuel cutting tables and systems for small and medium-sized fabricators.

"Metal cutting is closely aligned with arc welding, and the addition of Torchmate will bolster our ability to provide cutting process solutions for our customers," said John M. Stropki, Lincoln's chairman and CEO. "The Torchmate product offering will enhance existing cutting options for Lincoln Electric's customers here in North America and around the world."

The company has also acquired the welding operation assets of Techalloy Co. and of its parent company, Central Wire Industries Ltd. Known commercially as Techalloy, the Baltimore, Md.-based manufacturer is a privately held producer of nickel-alloy and stainless steel welding consumables.

"The addition of Techalloy expands our product portfolio of high-alloy consumables required to service customers in North America and around the world," said Stropki. "In particular, Techalloy's nickel-alloy welding consumables are positioned well globally in the high-growth energy and infrastructure segments of our business. We expect growth in these segments to continue worldwide, and believe the Techalloy product line will help expand and deepen our relationships with these key customers."

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