Colfax sells its fluid handling business to Circor International Inc.
September 27th, 2017
Colfax (NYSE: CFX) sells its fluid handling business to Circor International Inc. for $860 mil.
For Colfax this deal provides liquidity to grow its ESAB and Howden business as it exits the fluid handling business.
For shareholders this deal points to growing profitibility of Colfax going forward. They came to the conclusion not to be able to grow the fluid handling division enough by own means in order to be more profitable. So they decided to exit the business completely and to use the liquidity for acquisitions.
Certainly another interesting step of their Colfax Business System philosophy!
This news by itself did not move the share price but stay tuned until we get a clearer picture of their acquisition strategy!
Categories: Stocks / Aktien