ESAB Acquired by Colfax Corporation

press release
Saturday, January 14, 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 & Chief Executive Officer 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 Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Impact of Financial Crisis on Greek Shipping

Though international analysts like Morgan Stanley said that the Greek crisis will not have a direct impact on shipping companies, Greek shipping companies listed on U.

APL’s Schedule Reliability Scales Up

APL was the most reliable carrier with a global on-time performance of 85.5% in May 2015, according to the latest Global Liner Performance Report by SeaIntel Maritime Analysis.

Gazprom, Gasunie Sign Framework Agreement - LNG

At a Meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Han Fennema, CEO and Chairman of the Executive Board of Gasunie a Framework

Contracts

Japan's MHI Bags Indian Oil's LNG Storage Tank Contract

Indian Oil Corp (IOC) has awarded a contract to build two football stadium-sized liquefied natural gas (LNG) storage tanks at its upcoming Ennore LNG import terminal

Gazprom, Gasunie Sign Framework Agreement - LNG

At a Meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Han Fennema, CEO and Chairman of the Executive Board of Gasunie a Framework

De Nora Acquires Severn Trent's Water Purification Business

De Nora announces the completion of the acquisition of the Water Purification group of Severn Trent Services. The new business line, called De Nora Water Technologies,

Finance

Japan's MHI Bags Indian Oil's LNG Storage Tank Contract

Indian Oil Corp (IOC) has awarded a contract to build two football stadium-sized liquefied natural gas (LNG) storage tanks at its upcoming Ennore LNG import terminal

GAIL to Offer Sops for Foreign Shipbuilders

GAIL India will offer foreign shipbuilders five years to make liquefied natural gas (LNG) carriers in India, double the time allowed to deliver ships from their home shipyards,

Impact of Financial Crisis on Greek Shipping

Though international analysts like Morgan Stanley said that the Greek crisis will not have a direct impact on shipping companies, Greek shipping companies listed on U.

Mergers & Acquisitions

Maersk Sells Its Stake in ESVAGT

Danish conglomerate A.P Moller-Maersk said Tuesday two international infrastructure investors have agreed to buy 100% of the Danish company ESVAGT from Maersk Group and ESE-Holding A/S.

De Nora Acquires Severn Trent's Water Purification Business

De Nora announces the completion of the acquisition of the Water Purification group of Severn Trent Services. The new business line, called De Nora Water Technologies,

Bunker Holding Buys LQM

Bunker Holding Group (Bunker Holding), a global leader in the purchase, sale and supply of marine fuel with 54 offices in 27 countries, announced today the acquisition

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Offshore Oil Pod Propulsion Ship Repair Shipbuilding / Vessel Construction Sonar Winch
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: 0.3562 sec (3 req/sec)