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Wednesday, Feb 1, 2023
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Anaheim Alloy Maker Acquired

Anaheim-based alloys manufacturer Weartech International Inc. was acquired by Lincoln Electric Holdings Inc. in Cleveland.

Terms were not disclosed.

Weartech makes cobalt- and nickel-based wear-resistant welding alloy products such as rods, wires and electrodes. It also makes engineered components and welding equipment.

The company has manufacturing plants in Anaheim and Port Talbot, Wales. It has about $40 million in annual revenue and about 140 employees total.

Cobalt and nickel alloys are deemed to resist hostile environments, such as corrosion and oxidation, and can maintain hardness at temperatures as high as 1500 degrees Fahrenheit.

Lincoln Electric makes welding, cutting and joining products. It has 42 manufacturing locations across 19 countries. It trades on the Nasdaq and has a market value of about $3.8 billion.

Lincoln Electric wrapped up last year with about $2.7 billion in revenue and $217 million in profit.

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