Deal closed Nov 2021 · Mason, Ohio, US (facilities in Tennessee, Alabama, and Monterrey, Mexico)
Harris Products Group (Lincoln Electric) acquires FTP and Shoals Tubular
Harris Products Group, whose parent is Lincoln Electric, acquired HVACR component manufacturers Fabricated Tube Products (FTP) and Shoals Tubular Inc., expanding its HVACR coil-fabrication portfolio. Lincoln Electric finalized both deals in July. Strategic manufacturer acquisition, not a PE home-service roll-up.
“MASON, Ohio — Harris Products Group has strengthened its presence in the HVACR manufacturing market with the acquisition of two manufacturers: Fabricated Tube Products (FTP) and Shoals Tubular Inc.”
Entities
Fabricated Tube Products (FTP) · Target Harris Products Group · Acquirer Lincoln Electric · Parent Shoals Tubular Inc. · Target
HVACRefrigeration
Source: www.achrnews.com
Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.