ESAB Acquired by Colfax

January 13, 2012

Colfax Corp. has acquired ESAB Welding & Cutting Products and Howden from Charter International. Howden manufactures.

“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 has sales and support locations in 80 countries, and 26 manufacturing facilities across four continents. ESAB’s North American headquarters is located in Florence, S.C.

“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.”