The sale of a former Siemens building in Bartlesville means the city will get 100 new full-time jobs offered by a New Jersey electric welding company that is expanding operations to northeast Oklahoma.
Lincoln Electric Company, based in Union City, New Jersey and with headquarters in Cleveland, Ohio, reached an agreement with the Bartlesville Development Authority to buy the 160,000 square-foot building located next to the city airport reported the Bartlesville Examiner-Enterprise.
The paper stated the building had been listed for sale at $3.7 million but discounts lowered the sales price to $2.25 million.
Lincoln Electric is the world leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and has a leading global position in brazing and soldering alloys.
Headquartered in Cleveland, Ohio, Lincoln has 56 manufacturing locations in 19 countries and a worldwide network of distributors and sales offices serving customers in over 160 countries.
The firm was recently recognized by Newsweek as one of America’s Greenese Companies 2024.
“We are proud to be named one of America’s Greenest Companies 2024,” stated Christopher L. Mapes, Lincoln Electric’s Chairman, President and Chief Executive Officer. “Our commitment to operational excellence and the importance we place on continuous improvement in our environmental programs is central to our Higher Standard 2025 Strategy and reinforces our purpose of operating by a higher standard to build a better world,” Mapes concluded.