Colfax Corp. (NYSE: CFX), a global provider of fluid-handling solutions for critical applications, announced the acquisition of COT-PURITECH, headquartered in Canton, Ohio.
A national supplier of oil flushing and remediation services to power generation plants, refinery and petrochemical operators and other industrial manufacturing sites, COT-PURITECH expands Colfax’s Total Lubrication Management services offering, particularly for the global oil & gas market. In 2010, the Company realized approximately $20 million in revenues.
In making the announcement, Clay H. Kiefaber, president and chief executive, stated “We are excited to welcome COT-PURITECH to the Colfax family. This is an important acquisition for Colfax as the addition of COT-PURITECH’s oil flushing capabilities and remediation services is extremely complementary to our existing lubrication services business. We intend to expand these services through our global oil & gas and power generation channels.”