Colfax To Buy Victor Technologies In $947M Deal

Law360, Los Angeles (February 12, 2014, 9:24 PM EST) -- Gas and fluids pump manufacturer Colfax Corp. announced Wednesday that it had inked a deal to buy Victor Technologies Holdings Inc. from private equity firm Irving Place Capital for nearly $1 billion.

Colfax will pay $947 million — including the assumption of debt — for Victor, a manufacturer of cutting, gas control and specialty welding products, the company said in a statement Wednesday.

The deal complements Colfax’s existing welding equipment businesses, expanding its portfolio into new segments, the Fulton, Md.-based company said in its statement....
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