08:09 AM EDT, 08/04/2025 (MT Newswires) -- Lincoln Electric ( LECO ) said Monday it has bought the remaining 65% stake in Alloy Steel Australia and its related businesses.

The company said July 31 it will buy the remaining 65% of Alloy Steel Australia for $90 million.

The deal will likely be accretive to Lincoln Electric's ( LECO ) earnings, excluding transaction costs, at about $0.13 to $0.15 per diluted share annually, the company said.

Lincoln Electric ( LECO ) had bought a roughly 35% stake in Alloy Steel on April 1, it added.