Type Public Industry Machinery Number of employees 18,351 Founded 1995 | Traded as NYSE: CFX Website www.colfaxcorp.com Founder Mitchell Rales | |
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Stock price CFX (NYSE) US$ 38.68 +0.27 (+0.70%)8 Mar, 4:02 PM GMT-5 - Disclaimer Headquarters Annapolis Junction, Maryland CEO Matthew L. Trerotola (24 Jul 2015–) Subsidiaries Charter International, Arc Machines | ||
Colfax Corporation is an American industrial corporation headquartered in Annapolis Junction, Maryland, indexed on the NYSE. Originally it was founded as a spinoff out of American Industrial conglomerate the Danaher Corporation. Colfax Corp. acquired British Charter International PLC which in turn owned Swedish ESAB (8 500 employees worldwide, 2012) in 2011. Both companies have since been wholly owned by Colfax. Further Colfax also acquired Allweiler (2 100 employees worldwide, 2011 )
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History
Started in 1995 by the two brothers Steven and Mitchell Rales with the goal of acquiring worldwide industrial enterprises.
In the 1st quarter of 2008, it net profit was $6.8 million.
In January 2012 it completed the acquisition of Charter International the parent company of ESAB and Howden for $2.4 Billion.
The revenue of the company for 2012 was 3 billion USD.
In July 2015, Matthew Trerotola was appointed CEO. In the 7 months following, the stock price fell by 40%, and Trerotola was awarded a $9m bonus.