Charter International, owner of Esab Welding & Cutting Products, has been purchased by Colfax Corp.
Terms of the deal were not disclosed.
Colfax is a publicly traded industrial manufacturing company. Charter International is the parent company of Esab and Howden, a manufacturer of heavy-duty air- and gas-handling equipment.
“We are very excited about this acquisition,” said Andrew Masterman, president and chief executive officer of Esab North America. “Colfax Corp. 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.”
Colfax Corp. buys Esab parent company
March 1, 2012