Fulton, Maryland-based Colfax Corporation (NYSE: CFX), has taken interest in another foreign mechanical technology supplier after the acquisition of Charter international which has propelled the companies quarterly revenues to figures approaching $1 billion.
The manufacturing and engineering company said it would pay $235 million for Soldex S.A, a welding products supplier based in the South American country of Peru. Soldex has manufacturing plants in Lima, Peru and Bogota, Colombia.
Colfax will take a 91 percent interest in the company previously held by Inversiones Breca S.A. and its affiliates. Colfax will also assume debt of Soldex which is expected to become part of its own welding division, ESAB.