Colfax Buys ESAB

(Press Release)
Friday, January 13, 2012
Effective Friday, January 13, 2012, Charter International plc, owner of ESAB Welding & Cutting Products, has been acquired by Colfax Corporation. Colfax Corporation, based in Fulton MD, is a diversified industrial manufacturing company listed on the New York Stock Exchange.  Charter International plc resided in Ireland and was the parent of two leading businesses:  ESAB, a global leader in the welding products industry, and Howden, a premier manufacturer of heavy-duty air and gas handling equipment.  
"We are very excited about this acquisition," said Andrew Masterman, President & CEO of ESAB North America.  "Colfax Corporation is a leading manufacturing company with a proven operating system - the Colfax Business System - and is solidly focused on customer needs and the development of strong brands.  This is a perfect fit for ESAB, as we are a world-class leader in the welding industry - a position we have attained by building strong partnerships with our customers and by creating a brand that is trusted worldwide."
ESAB employs more than 8,500 people worldwide, and is one of the top manufacturers in the welding industry, which is worth approximately $10 billion per year.  ESAB has sales and support locations in 80 countries, and 26 manufacturing facilities across 4 continents.  ESAB's North American headquarters is located in Florence, South Carolina.
"This acquisition will not impact our customers or distributors," said Mark Elender, Senior Vice President of Sales and Marketing for ESAB North America.  "We will continue to provide our customers and distributors with the best products and support services, and we are confident that this transition will be seamless and beneficial to all."
Colfax Corporation owns 10 brands in the pumping and fluid-handling market, and is traded on the NYSE under the ticker symbol "CFX."

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Dynasafe Promotes Chas Reid

Dynasafe BACTEC Limited has appointed Chas Reid to International Marine Services Director.   Kevin Kneebone MD, Dynasafe BACTEC said, “Chas has over the last

Amazon Expands Logistics Reach in China

Amazon.com Inc is aggressively expanding its logistics operations in China as part of a broader effort to control the rising cost of shipping billions of packages.

OTC Names 2016 Award Winners

The 2016 Offshore Technology Conference (OTC) will honor this year’s Distinguished Achievement Award recipients on Tuesday, 3 May, in Houston.   As part of the

People in the News

OTC Names 2016 Award Winners

The 2016 Offshore Technology Conference (OTC) will honor this year’s Distinguished Achievement Award recipients on Tuesday, 3 May, in Houston.   As part of the

ABS' Tikka Elected Foreign Member of NAE

ABS, a provider of classification services to the global marine and offshore industries, announced the election of ABS Europe and Africa Division President Dr.

Great Lakes Shippers Set Top Priorities

North America’s largest mining, manufacturing and agricultural companies have helped identify four top priorities to improve the competitiveness of Great Lakes shipping,

 
 
Maritime Contracts Maritime Standards Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1033 sec (10 req/sec)