Reuters: Regulatory News: UPDATE 1-Colfax buys majority stake in Peru's Soldex

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UPDATE 1-Colfax buys majority stake in Peru's Soldex May 29th 2012, 10:41 Tue May 29, 2012 6:41am EDT May 29 (Reuters) - Pumps and fluid-handling products maker Colfax Corp said it bought a majority stake in welding product supplier Soldex S.A. for $235 million, including debt, to expand its presence in South America. Colfax said it acquired 91 percent interest in Soldex from Peru-based Inversiones Breca S.A. and its affiliates. The company said the buyout helps it expand along South America's fast-growing Pacific coast, and increase its exposure to the energy and natural resources sectors. Shares of the Fulton, Maryland-based Colfax closed at $28.91 on Friday on the New York Stock Exchange.

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