Condor Equipamentos Industriais Information

ESAB has acquired 60 per cent of the shareholding of Condor Equipamentos Industriais Ltda and assumed full managerial control. Based in Contagem in the state of Minas Gerais in Brazil, Condor is a leading manufacturer of equipment for gas welding /cutting and employed around 180 people. Condor manufactures regulators, torches, nozzles and flashback arresters mainly for handheld welding, cutting and heating applications, though some products are used on automated cutting machines. In the last few years Condor has invested heavily in product development and a new factory, and is now establishing a reputation as a supplier of high-quality products. Condor sells directly to major end users and through a network of distributors within Brazil. Having completed the acquisition, ESAB is now incorporating Condor within its global strategy for gas welding, cutting and heating to maximise opportunities and efficiencies, especially in rapidly expanding markets. This acquisition is in line with the strategy of growing ESAB's presence in emerging markets, which are already responsible for around one-half of the company's revenues. South America provides one of the major growth opportunities in the worldwide welding market over the coming years and that Condor, as a market-leading gas apparatus manufacturer in Brazil, will contribute to ESAB's continued growth in the region.