ESAB, a member of the Colfax group of companies, today announced that Colfax has entered into a binding agreement to acquire Victor Technologies Holdings, Inc.
The acquisition brings together two premier organizations with world-class products, technologies and R&D to form a stronger, more competitive entity. In its 110th year, ESAB is one of the largest and most experienced manufacturers of welding and cutting products with sales and support established in 80 countries and manufacturing plants across five continents. Victor has a century-long history of innovation and is recognized for its leading brands, including Victor®, Tweco®, Cigweld® and Stoody®, which are manufactured, sold and serviced around the globe.
The combination of ESAB and Victor creates a comprehensive product portfolio that offers a broader array of solutions to the global welding and cutting industry. Two of the most pre-eminent suppliers in the industry, both with large, well-diversified geographic footprints, ESAB and Victor will together deliver more value to more customers in more areas of the world. This, in turn, provides more opportunity for you to better meet the project and application requirements of customers.
The transaction will close, meaning Colfax’s acquisition of Victor will be final, once all the conditions in the binding agreement have been satisfied. Until that time, it is business as usual. Please continue to work through your usual sales contact for any product or support needs you may have or to address any questions or concerns.
We are excited about offering more value to our customers and strengthening the opportunities – for ESAB, Victor, and our valued distributor network.
Clay H. Kiefaber
President & CEO ESAB