Colfax Corporation buys Baric GroupAugust 20, 2010
Colfax Corporation, a Virginia-based pump manufacturer, recently acquired the Baric Group, a U.K. supplier of highly engineered fluid-handling systems for lubrication applications in the oil and gas, petrochemical and power generation markets.
"We're very excited to add Baric to our portfolio of leading global brands,” said Clay H. Kiefaber, President and CEO of Colfax in a news release.
“Baric is an excellent fit and complements our highly engineered solutions business. Baric is known for manufacturing quality, high spec lube oil systems and has a large installed base in Europe, the Middle East and Asia. With the addition of Baric, we are able to offer customers a broader range of custom engineered lubrication systems worldwide,” he said.
The Colfax Corporation is a leader in critical fluid-handling products and technologies. Through its global operating subsidiaries, Colfax manufactures positive displacement industrial pumps and valves used in oil & gas, power generation, commercial marine, defense and general industrial markets. Colfax's operating subsidiaries supply products under the brands Allweiler, Fairmount Automation, Houttuin, Imo, LSC, Portland Valve, Tushaco, Warren and Zenith.