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Colfax Acquires the Baric Group

Sunday, August 22, 2010  
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Colfax Corp. has acquired Baric Group. Headquartered in Morpeth, U.K., Baric is a supplier of highly engineered fluid-handling systems primarily for lubrication applications in the oil & gas, petrochemical and power generation markets. Annual pro forma sales for 2010 are projected to be about 14 million pounds Sterling and current backlog, which has been increasing, is about 28 million pounds Sterling. Colfax expects the transaction to be accretive over the next 12 months. More…

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