Lincoln Electric acquiring Severstal welding business

Dec 29, 2010 | 12:50 PM |

Russian steel giant Severstal is selling a downstream unit of its metalware segment to a Cleveland-based company for an undisclosed amount.

The steelmaker has entered into an agreement with Lincoln Electric Holdings Inc. to divest Severstal-metiz Welding Consumables, a manufacturer of welding consumables in Russia. Included in the deal are the manufacturing operations and exclusive distribution rights of the Severstal brand of welding consumables. ....

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