Howden parent bought by Colfax

Howden shareholders were advised that Charter, which is listed on the London Stock Exchange and which indirectly owns (through Howden Group South Africa Ltd and James Howden & Godfrey Overseas Ltd) approximately 55.36% of Howden, has been acquired by an indirect subsidiary of Colfax. Colfax is a global supplier of a broad range of fluid handling products and based in the US. It considers Charter to be a leading player in key markets with an attractive business mix and strong technological capabilities that will fit well with Colfax's acquisition criteria. Colfax believes that Howden will extend Colfax's existing fluid handling business, as both organisations focus on supplying a range of market leading products to applications where performance and reliability are paramount.

2012-01-17 16:21:06