ESAB, a member of the Colfax group of companies, announced that Colfax has entered into a binding agreement to acquire Victor Technologies Holdings, Inc.
"The acquisition brings together two leading organizations with world-class products, technologies and R&D," said a spokesperson. "In its 110th year, ESAB is one of the largest and most experienced manufacturers of welding and cutting products with sales and support established in 80 countries and manufacturing plants across five continents. Victor has a century-long history of innovation and is recognized for its leading brands, including Victor, Tweco, Cigweld and Stoody, which are manufactured, sold and serviced around the globe.
"The combination of ESAB and Victor creates a comprehensive product portfolio that brings a broader array of solutions to the global welding and cutting industry. Two of the leading suppliers in the industry, both with large, well diversified geographic footprints, ESAB and Victor will together deliver more value to more customers in more areas of the world."
"Together, we will use our combined geographic reach, product technologies, channel resources and most importantly, organizational talent, to provide innovative welding and cutting solutions for our customers," said Clay Kiefaber, President & CEO ESAB.
ESAB places strong emphasis on constant innovation and improvement guided by the voice of the customer. The Colfax Business System (CBS) will drive ESAB and Victor's joint efforts to develop new products, provide added value to existing products and deliver differentiated customer solutions.
For more information contact:
ESAB Welding & Cutting Products
P.O. Box 100545
411 S. Ebenezer Road
Florence, SC 29501
800-ESAB-123
email@esab.com
www.esabna.com
Colfax Corporation
8170 Maple Lawn Blvd.
Suite 180
Fulton, MD 20759
301-323-9090
www.colfaxcorp.com