Other advisors to the transaction are MAQS Advokatbyra (Deal counsel to Colfax/ ESAB
); Phoenix Legal (Domestic counsel to Sandvik) and Mannheimer Swartling (Deal counsel to Sandvik).
Hoover will report to Clay Kiefaber, president and CEO of Colfax and acting CEO of ESAB
. He has more than 20 years of experience in manufacturing, logistics, supply chain management and business development.
"Colfax has committed to provide continued stability for our employees and continued development of the ESAB
and Howden offering for our customers," he added.
It plans to significantly boost Condora[euro](tm)s revenues by selling its products through the ESAB
network and other channels in the region, the buyer explained.
Top-priority issues "Environment, health and safety issues are top priority to Esab
," said Johan Fransson, managing director, Esab
ME, adding that the company was proud to be among the first in the region to have a commercial facility that bears a platinum certificate from Leed.
Middle East's newest facility is amongst the first in the region to secure a Leed Platinum certification - the highest possible environmental certification of any man-made structure.
"The quality of the ESAB
Falcon's cut is outstanding and one of its major advantages over competing products is that one can mark and cut at the same time," says Singh.
also announced it is doing a major upgrade of machinery at the Hanover plant as part of a long-term investment.
explains that "the arc is forced through a nozzle with a small hole in it along with a flow of gas, such as air," reaching temperatures high enough to cut through the metal workpiece.
Rautaruukki said that both parties were of the opinion that ESAB
has a better possibility for the future development of the welding wire production in Dalsbruk.
Welders had a real tough life on the waterfront," Futrell explains.