CFX Colfax Corp. gains 16% Mar 16, 2021

Colfax Corporation, an industrial manufacturing and engineering company, provides gas and fluid handling, and fabrication technology products and services worldwide. The company operates through two segments, Gas and Fluid Handling, and Fabrication Technology. The Gas and Fluid Handling segment designs, manufactures, supplies, installs, and maintains heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps, fluid handling systems, controls, and specialty valves. It markets air and gas handling products under Howden brand name; and fluid-handling products under Allweiler and Imo brand names. This segment sells its products and services directly, as well as through independent representatives and distributors to customers in the power generation, oil and gas, petrochemical, mining, marine, general industrial, and other end markets. It also provides repair and retrofit services for valves and products manufactured by other valve suppliers; and lubrication system equipment and services, including LubriMist oil mist generators, Mistlock bearing lubrication cartridges, and ThermoJet oil purifiers, as well as various services, such as high velocity oil flushing, leakage oil reclamation, and condition monitoring services. The Fabrication Technology segment formulates, develops, manufactures, and supplies consumable products and equipment for use in cutting and joining steels, aluminum, and other metals and metal alloys. This segment provides welding consumables comprising electrodes, cored and solid wires, and fluxes under the ESAB brand name; and cutting equipment and consumables, and gas control and specialty welding products under the Victor brand name. It sells its products through independent distributors and direct sales to the oil and gas, power generation, wind power, shipbuilding, pipelines, mobile/off-highway equipment, and mining markets. Colfax Corporation was founded in 1860 and is headquartered in Annapolis Junction, Maryland.http://www.priceseries.com/trade/CFX-Colfax-Corp-stock-gains-16-percent-a-Trade-Record-by-priceSeries-2021021820210316.html