Three Charleston-area manufacturers sold to Lincoln Electric
An Ohio-based company known for its welding machines has purchased a three Ladson manufacturing businesses, including two that make equipment for cutting and shaping metals.
Lincoln Electric Holdings Inc. said it has acquired the Kaliburn and Burny brands from ITT Corp.
Also included in the sale was Cleveland Motion Control, which makes equipment in automated machinery.
Terms were not disclosed.
All three businesses are consolidated in a headquarters and manufacturing site at 4130 Carolina Commerce Parkway, off Ladson Road. Their combined annual sales in 2011 were $35 million, and they employ about 140 workers.
Lincoln Electric is a designer, developer and maker of welding and gas-powered cutting equipment. It is headquartered in Cleveland and has 45 manufacturing locations in 20 countries. It also has distributors and sales offices that cover more than 160 countries.
See Thursday’s editions of The Post and Courier for more details.