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Lincoln Electric acquires Turkish company

Lincoln Electric Holdings Inc. completed its purchase of the controlling stake of Askaynak to advance Lincoln Electric’s regional growth strategy in Europe, the Middle East and Africa. “We are pleased to welcome the Askaynak team into Lincoln Electric,” stated Christopher L. Mapes, chairman, president and CEO. “Askaynak strengthens our position in the region and as one team; we will serve our customers with innovative solutions, superior service, and deliver operational excellence.” Askaynak is located in Turkey and manufactures welding consumables, arc welding equipment and robotic welding systems.