As a company that works closely with the welding industry, we certainly find it important to keep on top of the latest news and trends within the welding industry. Due to an increase in global commerce and an increase in exports, more and more consolidation is occurring in the industry. In the past few months, we have seen an example of this consolidation, as ESAB has taken over what was known as Victor Technologies.
According to this press release, “the combination of ESAB and Victor creates a comprehensive product portfolio that brings a broader array of solutions to the welding and cutting industry.” With this merge, that means there is now less and less competition in the welding and cutting equipment market. This leaves three major companies –ITW/Miller, Lincoln, and ESAB—as the major welding and cutting equipment players. These companies now all own cutting torch lines that they can offer to their customers, and they are also putting more of an emphasis on safety within their business. We have also seen that the main line of welding equipment being used by professional welding companies is coming from one of these larger equipment manufacturers.
Despite this consolidation, however, the IWDC (Independent Welding Distributors Cooperative) still remains strong. We continue to support the changing welding industry with our products and services, and we are excited to see what else is in store!