ESAB Corporation is a premier industrial compounder that formulates, develops, manufactures, and supplies consumable products and equipment for fabrication and gas control. The company's core business model revolves around two main segments: fabrication technology (which includes welding, cutting, joining, and robotic equipment alongside related software and consumables) and gas control solutions (focused on healthcare, industrial, and specialty gas applications). ESAB operates globally, serving customers in approximately 150 countries, with a significant presence in the Americas, EMEA, and APAC regions. The company's competitive position is strengthened by its rich history dating back to 1904, its continuous innovation in workflow solutions, and its ESAB Business Excellence (EBX) management system. ESAB is one of the top players in the global welding space, competing alongside firms like Lincoln Electric and ITW. The company also actively pursues strategic acquisitions, such as its purchase of Eddyfi Technologies, to expand its total addressable market into advanced inspection and monitoring technologies.