Goldschmidt Thermit acquires PortaCo, Inc.

The Goldschmidt Thermit Group, a company based in Germany that specializes in welding, acquired 100 percent of PortaCo, Inc., a producer of hydraulic power units and tools headquartered in Moorhead, Minn. The Goldschmidt Thermit Group has been represented in the United States market since 1967, by Orgo-Thermit, Inc.