Esab Buys LIPL

Esab Corporation, a focused industrial compounder, has entered into an agreement to acquire Linde Industries PvtLtd (LIPL), a specialist in welding consumables and equipment in Bangladesh. LIPL, which is Esab’s third acquisition this year, generated approximately $20m in sales in 2023 and is marginaccretive. Esab expects the acquisition to close later this year. Shyam Kambeyanda, president and CEO of Esab Corporation, says: “Bangladesh is a fast-growing and attractive market, and the LIPL acquisition further strengthens our ability to serve end markets and customers in the region.”

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