Colfax Corporation

Colfax Corporation
Public
Traded as NYSE: CFX
Industry Machinery
Headquarters Annapolis Junction, Maryland, United States
Number of employees
 18,351
Website www.colfaxcorp.com

Colfax Corporation is an American industrial[1] corporation headquartered in Annapolis Junction, Maryland, indexed on the NYSE. Originally it was founded as a spinoff out of American Industrial conglomerate the Danaher Corporation.[2] Colfax Corp. acquired British Charter International PLC[3] which in turn owned Swedish ESAB (8 500 employees worldwide, 2012) in 2011. Both companies have since been wholly owned by Colfax. Further Colfax also acquired Allweiler[4] (2 100 employees worldwide, 2011 [5])

History

Started in 1995 by the two brothers Steven and Mitchell Rales with the goal of acquiring worldwide industrial enterprises.[6]

In the 1st quarter of 2008, it net profit was $6.8 million.[7]

In January 2012 it completed the acquisition of Charter International the parent company of ESAB and Howden[8] for $2.4 Billion.[9]

The revenue of the company for 2012 was 3 billion USD.[10]

In July 2015, Matthew Trerotola was appointed CEO. In the 7 months following, the stock price fell by 40%, and Trerotola was awarded a $9m bonus. [11]

Links

References

  1. ↑ http://www.colfaxcorp.com/our-businesses/
  2. ↑ The Telegraph, 05 Sep 2011, Colfax and the Rales brothers
  3. ↑ Wall Street Journal, September 13, 2011, Colfax Bids $2 Billion for Charter
  4. ↑ "Allweiler in Russia". Retrieved 2013-08-29.
  5. ↑ kubri.eu, Allweiler profile
  6. ↑ Official colfax site
  7. ↑ The Washington Post, July 7, 2008, The Quiet Dynamism of the Brothers Rales
  8. ↑ Official ESAB site
  9. ↑ welding design : Sep 13, 2011, ESAB Parent to be Bought for $2.4 Billion
  10. ↑ Nasdaq Colfax
  11. ↑ http://www.bizjournals.com/baltimore/news/2016/01/06/colfax-rolls-out-9m-more-in-stock-to-new-ceo-amid.html?ana=yahoo. Missing or empty |title= (help)


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