Lincoln Electric Holdings, Inc. has announced the acquisition of the remaining 65% interest in Alloy Steel Australia (Int) Pty Ltd., completing its full ownership of the company. Previously, Lincoln Electric held a 35% stake in Alloy Steel, which it acquired on April 1, 2025. This move aims to enhance Lincoln Electric's presence in the maintenance and repair sector. Alloy Steel, headquartered in Perth, Australia, specializes in proprietary wear plate solutions and serves the mining sector in the Asia Pacific region. The acquisition is anticipated to positively impact Lincoln Electric's earnings, with Alloy Steel's annual revenue estimated at USD $50 million. The company plans to integrate Alloy Steel's innovative solutions into its broader portfolio and expand its reach globally.