TPi November 2018

Business & market news

Lincoln Electric appoints executive vice-president

Electric’s chairman, president and chief executive officer. Mr Nangle joined Lincoln Electric in 1979 and held numerous sales management positions with increasing responsibility. In 1999 he was appointed president of the company’s Harris Calorific subsidiary, and in 2003 was appointed as president of the retail subsidiary WCTA LLC. He was also elected president of JW Harris Co in 2005. Mr Nangle holds a bachelor’s degree in business administration from Roanoke College and an MBA from California State University, Fresno. Lincoln Electric designs, develops and manufactures arc welding products, robotic arc welding systems, and plasma and oxy-fuel cutting equipment. Headquartered in Cleveland, Ohio, thermoplastic connection solutions since 1996, including compression fittings, sprinklers and drippers as well as valves and filters. Its certified products are used in drinking water treatment and in supplying drinking water and gas to households, as well as in water-saving micro-irrigation systems for agriculture. The products are sold primarily in India and other Asian countries. Targeted acquisitions contribute to diversifying business activities and strengthening the growth of Norma Group. Acquisitions are therefore an integral part of its long-term growth strategy, and since its IPO in 2011 the group has acquired a total of 14 companies. Norma Group SE – Germany www.normagroup.com

Lincoln Electric Holdings has announced the promotion of David J Nangle to executive vice president. This is in addition to his role as president of the Harris Products Group segment. As president of Harris, Mr Nangle has successfully expanded the Harris brand through product innovations, and has advanced operational excellence through extensive lean and environmental, health and safety (EH&S) initiatives. His organisations’ efforts have resulted in an improvement in segment profitability and operational efficiency in the last five years. “Dave’s strong leadership has been invaluable in advancing Harris towards commercial andoperational excellence,” stated Christopher L Mapes, Lincoln Norma Group has announced that the acquisition of Indian water management specialist Kimplas Piping Systems Ltd has been successfully closed. Norma Group expects the acquisition to contribute approximately €10mn to sales in 2018. Kimplas will be immediately consolidated. The acquisition was financed through existing long-term bank loans. “The acquisition of Kimplas will see Norma Group expand its water management portfolio and strengthen its position in Asia,” said Bernd Kleinhens, chairman of the management board of Norma Group. “Along with electro mobility, water management is one of the future-oriented markets in which we would like to continue growing for the future.” Based inNashik inWestern India, Kimplas has been developing and producing

David J Nangle

USA, the company has 63 manufacturing locations, including operations and joint ventures in 23 countries, and a worldwide network of distributors and sales offices covering more than 160 countries.

Lincoln Electric – USA www.lincolnelectric.com

Norma Group closes acquisition of Kimplas

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November 2018 TUBE PRODUCTS INTERNATIONAL