Lincoln Electric acquires FTP and Shoals Tubular for HVAC growth; ~$50M combined sales

LINCOLN ELECTRIC HOLDINGS INC

Acquired Overstreet-Hughes (FTP) and Shoals Tubular, makers of copper/aluminum HVAC headers and manifolds.
Combined annual sales of approximately $50 million; terms not disclosed.
Acquisition strengthens Harris Products Group's HVAC OEM portfolio and supports Higher Standard 2025 Strategy.

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