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Colfax Closing Plant in Portland, Maine

Wednesday, June 29, 2011  
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Colfax Corporation announced today that it will close its plant in Portland, ME. Production for its Portland Valve products will move to the company's facilities in Warren, MA. This consolidation is expected to reduce the company's cost structure by approximately $1.0 million annually ($0.7 million after taxes or 2 cents per share). The Portland plant, which employs 40 people, is scheduled to close by the end of the year. More…

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