ESAB

#2220

Rank

$7.5B

Marketcap

United States

Country

Leadership team

Mr. Shyam P. Kambeyanda (Pres, CEO & Director)

Mr. Kevin J. Johnson FCPA (Aust) (Chief Financial Officer)

Mr. Curtis E. Jewell (Sr. VP, Gen. Counsel & Corp. Sec.)

Products/ Services

Machinery Manufacturing, Manufacturing, Precious Metals

Number of Employees

1,000 - 20,000

Headquarters

Florence, South Carolina, United States

Established

1904

Company Registration

SEC CIK number: 0001877322

Net Income

100M - 500M

Revenue

Above - 1B

Traded as

ESAB

Social Media

URL

https://www.esab.com

Overview

Location

Recognition and Award

References

Summary

ESAB Corporation engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, and automated welding, as well as gas control equipment. Its comprehensive range of welding consumables includes electrodes, cored and solid wires, and fluxes using a range of specialty and other materials; and cutting consumables comprising electrodes, nozzles, shields, and tips. The company's equipment ranges from portable welding machines to large customized automated cutting and welding systems. It also offers a range of software and digital solutions to help its customers increase their productivity, remotely monitor their welding operations, and digitize their documentation. The company sells its products under the ESAB brand to various end markets, such as general industry, construction, infrastructure, transportation, energy, renewable energy, and medical and life sciences. It offers its products through independent distributors and direct salespeople. The company operates in North America, South America, Europe, the Middle East, India, Africa, and the Asia Pacific. ESAB Corporation was incorporated in 2021 and is headquartered in North Bethesda, Maryland.

History

The company was founded by Oscar Kjellberg. In 1904 he pioneered the development of manual metal arc welding electrodes in Gothenburg, Sweden. The company sells equipment used in welding and cutting.

Other notable CEO was Lars Westerberg who ran ESAB for three years.

The ESAB was acquired by Charter International in 1994.

The ESAB group was acquired by Colfax Corporation on 13 January 2012.

Following the purchase, the CEO of Colfax, Clay Kiefaber, stepped down to the president role of ESAB and was replaced by Steve Simms.

The ESAB group acquired the Welding Wire business of Sandvik effective February 1, 2018. The acquisition included production units in Scranton, PA, and Sandviken, Sweden; the technical sales and product management organization; as well as multiyear strategic collaboration on R&D for future product developments.ESAB became a publicly traded, independent company under ESAB Corporation on April 5, 2022 following the spin-off from Colfax. Shyam Kambeyanda was appointed President and Chief Executive Officer of the new corporation. On October 17, 2022, ESAB Corporation announced the acquisition of Ohio Medical, a global leader in oxygen regulators and central gas systems for the healthcare industry.

Mission

ESAB’s mission is to create value by meeting customers’ needs with excellent products and services that work in harmony with the environment.

Vision

ESAB’s vision is to be the preferred partner for the welding and cutting industry with the most trusted brand. We strive to be a world class company by meeting our customers' needs with innovative products, service and support.

Key Team

Ms. Michele Campion (Chief HR Officer)

Mr. Vusa Mlingo (Sr. VP of Strategy & Bus. Devel.)

Mr. Olivier Biebuyck (Pres of EMEA)

Recognition and Awards

ESAB has won numerous awards for its innovative product lines and continues to be a leader in its field. The company has received awards from such organizations as the Edison Awards, International New Product Exposition, and Golden Gel Especial. ESAB has also received numerous patents for its inventiveness and R&D efforts.