This website uses cookies to store information on your computer. Some of these cookies are used for visitor analysis, others are essential to making our site function properly and improve the user experience. By using this site, you consent to the placement of these cookies. Click Accept to consent and dismiss this message or Deny to leave this website. Read our Privacy Statement for more.
News & Press: Headlines

Colfax Closing Plant in Portland, Maine

Wednesday, June 29, 2011  
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…