By: Ashleigh Ryan
Charter International plc, owner of ESAB, has been acquired by Colfax Corporation. Based in Fulton, MD, Colfax Corporation is a diversified industrial manufacturing company listed on the New York Stock Exchange. Charter International plc resided in Ireland and was the parent of two leading businesses: ESAB, a global leader in the welding products industry, and Howden, a premier manufacturer of heavy-duty air and gas handling equipment.
“We are very excited by the future potential and enhanced opportunities that this acquisition will bring to ESAB,” said Clay Kiefaber, Colfax CEO. “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, which is a global leader in the welding industry – a position it has attained by building strong partnerships with its customers and by creating a brand that is trusted worldwide.”
One of the leading manufacturers in the global welding industry, ESAB employs over 8,500 people worldwide. The company has sales and support locations in 80 countries, and 26 manufacturing facilities across 4 continents.