Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries ESAB Corporation Enters into Agreement to Acquire the Welding Business of Linde Bangladesh By: ESAB Corporation via Business Wire May 30, 2024 at 06:30 AM EDT ESAB Corporation (“ESAB” or the “Company”) (NYSE: ESAB), a focused premier industrial compounder, announced today that it has entered into an agreement to acquire Linde Industries Private Limited (LIPL). LIPL is a market leader in welding consumables and equipment in Bangladesh. “LIPL is our third acquisition this year as we accelerate our compounding journey,” said Shyam P. Kambeyanda, President and CEO, ESAB Corporation. “Bangladesh is a fast growing and attractive market and the LIPL acquisition further strengthens our ability to serve our end markets and customers in the region. Our team is excited about the significant growth opportunities in South Asia to sell our award-winning equipment, automation and consumables product lines.” LIPL generated approximately $20 million in sales in 2023 and is margin accretive. The acquisition is expected to close later this year subject to shareholder approvals and closing conditions. About ESAB Corporation Founded in 1904, ESAB Corporation is a focused premier industrial compounder. The Company’s rich history of innovative products, workflow solutions and its business system ESAB Business Excellence (“EBX”), enables the Company’s purpose of Shaping the world we imagine.TM ESAB Corporation is based in North Bethesda, Maryland and employs approximately 9,000 associates and serves customers in approximately 150 countries. To learn more, visit www.ESABcorporation.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20240530238987/en/ “Bangladesh is a fast growing and attractive market and the LIPL acquisition further strengthens our ability to serve our end markets and customers in the region," said Shyam P. Kambeyanda, President and CEO, ESAB Corporation. Contacts Investor Relations Contact: Mark Barbalato Vice President, Investor Relations E-mail: investorrelations@esab.com Phone: 1-301-323-9098 Media Contact: Tilea Coleman Vice President, Corporate Communication E-mail: mediarelations@esab.com Phone: 1-301-323-9092 Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
ESAB Corporation Enters into Agreement to Acquire the Welding Business of Linde Bangladesh By: ESAB Corporation via Business Wire May 30, 2024 at 06:30 AM EDT ESAB Corporation (“ESAB” or the “Company”) (NYSE: ESAB), a focused premier industrial compounder, announced today that it has entered into an agreement to acquire Linde Industries Private Limited (LIPL). LIPL is a market leader in welding consumables and equipment in Bangladesh. “LIPL is our third acquisition this year as we accelerate our compounding journey,” said Shyam P. Kambeyanda, President and CEO, ESAB Corporation. “Bangladesh is a fast growing and attractive market and the LIPL acquisition further strengthens our ability to serve our end markets and customers in the region. Our team is excited about the significant growth opportunities in South Asia to sell our award-winning equipment, automation and consumables product lines.” LIPL generated approximately $20 million in sales in 2023 and is margin accretive. The acquisition is expected to close later this year subject to shareholder approvals and closing conditions. About ESAB Corporation Founded in 1904, ESAB Corporation is a focused premier industrial compounder. The Company’s rich history of innovative products, workflow solutions and its business system ESAB Business Excellence (“EBX”), enables the Company’s purpose of Shaping the world we imagine.TM ESAB Corporation is based in North Bethesda, Maryland and employs approximately 9,000 associates and serves customers in approximately 150 countries. To learn more, visit www.ESABcorporation.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20240530238987/en/ “Bangladesh is a fast growing and attractive market and the LIPL acquisition further strengthens our ability to serve our end markets and customers in the region," said Shyam P. Kambeyanda, President and CEO, ESAB Corporation. Contacts Investor Relations Contact: Mark Barbalato Vice President, Investor Relations E-mail: investorrelations@esab.com Phone: 1-301-323-9098 Media Contact: Tilea Coleman Vice President, Corporate Communication E-mail: mediarelations@esab.com Phone: 1-301-323-9092
ESAB Corporation (“ESAB” or the “Company”) (NYSE: ESAB), a focused premier industrial compounder, announced today that it has entered into an agreement to acquire Linde Industries Private Limited (LIPL). LIPL is a market leader in welding consumables and equipment in Bangladesh. “LIPL is our third acquisition this year as we accelerate our compounding journey,” said Shyam P. Kambeyanda, President and CEO, ESAB Corporation. “Bangladesh is a fast growing and attractive market and the LIPL acquisition further strengthens our ability to serve our end markets and customers in the region. Our team is excited about the significant growth opportunities in South Asia to sell our award-winning equipment, automation and consumables product lines.” LIPL generated approximately $20 million in sales in 2023 and is margin accretive. The acquisition is expected to close later this year subject to shareholder approvals and closing conditions. About ESAB Corporation Founded in 1904, ESAB Corporation is a focused premier industrial compounder. The Company’s rich history of innovative products, workflow solutions and its business system ESAB Business Excellence (“EBX”), enables the Company’s purpose of Shaping the world we imagine.TM ESAB Corporation is based in North Bethesda, Maryland and employs approximately 9,000 associates and serves customers in approximately 150 countries. To learn more, visit www.ESABcorporation.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20240530238987/en/
“Bangladesh is a fast growing and attractive market and the LIPL acquisition further strengthens our ability to serve our end markets and customers in the region," said Shyam P. Kambeyanda, President and CEO, ESAB Corporation.
Investor Relations Contact: Mark Barbalato Vice President, Investor Relations E-mail: investorrelations@esab.com Phone: 1-301-323-9098 Media Contact: Tilea Coleman Vice President, Corporate Communication E-mail: mediarelations@esab.com Phone: 1-301-323-9092