Colfax is still busy acquiring!
May 29th, 2012
Colfax (NYSE: CFX) today announced that it acquired a majority stake of Lima, Peru based Soldex S.A. for $ 325 million.
After the big acquisition of Charter plc Colfax doesn’t stand still and continues to acquire!
Even if Soldex is a somewhat smaller expenditure for them, the commercial logic is clearly visible: This acquisition rounds up their new cutting and welding ESAB division and strenghtens their position in the growing South American market.
Now we also understand better why the former CEO Kiefhaber became CEO of the ESAB division: the division’s importance within the group just keeps growing and growing!
… and insiders continue to buy shares … watch out!
Categories: Stocks / Aktien