Exhibit 99.1


For more information, contact:

Debbie Bockius




ST. LOUIS, MO – March 25, 2012 – Thermadyne Holdings Corporation today reported results for the three and twelve months ended December 31, 2011 as follows:


months ended
December 31, 2011
    Q4 2010
Combined Period
    % Change  

Net sales

   $ 116,808      $ 104,206        12.1

Net Loss

     (4,985     (18,232     72.7

Adjusted EBITDA

     13,462        13,374        0.7
months ended
December 31, 2011
    Pro Forma
2010 Combined
    % Change  

Net sales

   $ 487,428      $ 415,901        17.2

Net Income (Loss)

     6,741        (3,009     324.0

Adjusted EBITDA

     79,443        58,024        36.9

Basis of Presentation

On December 3, 2010, Thermadyne Holdings Corporation (“Company”) was acquired by affiliates of Irving Place Capital. Although the Company continued as the same legal entity, the assets acquired and liabilities assumed were adjusted to fair value as of December 3, 2010, in accordance with the accounting guidance for business combinations. For accounting purposes, the old reporting entity was terminated and a new reporting entity was created. Accordingly, the consolidated financial statements are presented for the entity succeeding the acquisition (“Successor”) and the entity preceding the acquisition (“Predecessor”) for the periods ended December 31, 2011 and 2010, respectively.

We have prepared our discussion of the results of operations by comparing the fourth quarter of 2011 to the mathematical combination of the periods from October 1, 2010 through December 2, 2010 and December 3, 2010 through December 31, 2010, which we refer to as the “Q4 2010 Combined Period”. For the full year comparison, the twelve months ended December 31, 2011 is compared with pro forma information derived as if the Merger and related transactions occurred on January 1, 2010, which we refer as the “Pro Forma 2010 Combined Period”. Although this presentation is not presented in accordance with generally accepted accounting principles (“GAAP”), under which the two periods of the Successor and Predecessor would not be combined, we believe the combination of the 2010 periods of Predecessor and Successor provides a more meaningful comparison to the 2011 period.


- 1 -

The following information was filed by Victor Technologies Group, Inc. (VICT) on Monday, March 26, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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