01192018Fri
Last updateFri, 19 Jan 2018 7pm

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Valve Manufacturing

CIRCOR to Acquire Colfax’s Fluid Handling Business

CIRCOR International has signed a definitive agreement to acquire Colfax Fluid Handling (CFH) from Colfax Corporation for approximately $855 million including cash, newly issued CIRCOR shares, and the assumption of pension plan liabilities linked to the CFH business. The combination results in estimated pro forma combined revenues of approximately $1.1 billion based on the trailing 12 month results as of June 2017. Upon closing of the transaction, Colfax will own approximately 16% of CIRCOR. 

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