ESAB Corporation (NYSE:ESAB) reached an agreement to acquire Sumig Solucoes Para Solda E Corte Ltda. on April 30, 2024. Sumig reported sales of $30 million in last twelve months.

The transaction is expected to complete in second half of 2024. Stonecapital Investimentos Ltda acted as financial advisor to Sumig Solucoes Para Solda E Corte.