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Colfax sells its Air and Gas handling business

May 16th, 2019

So now it is official:

Colfax Corp. (NYSE: CFX) sells its Air and Gas handling business to KPS Capital Partners for $ 1.8 billion!

Today’s stock market reacts favorably: Colfax share price is up 4.5% at the moment of this writing. This move will bring down debt and improve the balance sheet of Colfax Corp. !

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