ESAB Announces Completion of Colfax's Acquisition of Victor Technologies Holdings, Inc.
Florence, SC – ESAB, a member of the Colfax group of companies, today announced that Colfax Corporation has completed the previously announced acquisition of Victor Technologies Holdings, Inc. (“Victor”). Victor is a pre-eminent global manufacturer of cutting, gas control and specialty welding solutions with many strong brands that are well-recognized around the globe.
The acquisition complements the geographic footprint of ESAB, as well as expands ESAB's product portfolio into new segments and applications. It brings together two leading organizations with world-class products, technologies and R&D.
Ken Konopa, Senior Vice President of Marketing and Engineering for ESAB, commented: “The products, technology and expertise Victor brings to our portfolio, when combined with ESAB’s solutions, strengthens our value to customers globally. It is an exciting combination and an excellent strategic fit. We anticipate a seamless integration experience for our customers, channel partners and associates.”
ABOUT COLFAX CORPORATION - Colfax Corporation is a diversified global manufacturing and engineering company that provides gas- and fluid-handling and fabrication technology products and services to commercial and governmental customers around the world under the Howden, Colfax Fluid Handling and ESAB brands. Colfax believes its brands are among the most highly recognized in each of the markets that it serves. Colfax is traded on the NYSE under the ticker "CFX." Additional information about Colfax is available at www.colfaxcorp.com.
ABOUT ESAB - ESAB is one of the world's largest manufacturers of welding consumables, welding and cutting equipment, and associated automation. Founded in 1904, ESAB offers products for virtually every welding and cutting process and application, and is widely recognized as the technological leader in the industry. With more than 8,700 associates and manufacturing facilities across four continents, ESAB delivers products and support services quickly and efficiently to customers around the globe.
FOR MORE INFORMATION, CONTACT:
Sue Bartholomew
ESAB Welding & Cutting Products
Director Global MARCOM & Marketing Operations
843-679-5823
sbartholomew@esab.com
