Lincoln Electric Holdings, Inc. (NasdaqGS:LECO) will look for acquisitions. Gabriel Bruno Chief Financial Officer answered to a question during the Morgan Stanley Virtual 8th Annual Laguna Conference, “We're probably tied to more bolt-ons right now. We wouldn't shy away from any acquisitions such as Air Liquide Welding. But we're actively navigating and looking for opportunities to grow our business and to where it makes sense to tie in businesses that allow us to penetrate more into the market. So it's a little bit of a challenging environment, as you can imagine, in travel and the dynamics of engaging with potential targets. But we're pretty actively looking at opportunities to continue to grow, particularly on the acquisition side”.
Lincoln Electric Holdings, Inc. is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding, and the Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment includes welding operations in Europe, Africa, Asia, and Australia. The Harris Products Group includes the Companyâs global cutting, soldering and brazing businesses, specialty gas equipment, as well as the retail business in the United States. The Companyâs products include arc welding, brazing and soldering filler metals (consumables), arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, specialty gas regulators, and education solutions; as well as a comprehensive portfolio of automated solutions for joining, cutting, material handling, module assembly, and end of line testing.