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Colfax Corporation, a global leader in fluid-handling solutions for critical applications, today announced the acquisition of COT-PURITECH, headquartered in Canton, Ohio. COT-PURITECH's 80 associates will be integrated into the Colfax Fluid-Handling business.
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 and gas market. In 2010, the company realized approximately $20 million in revenues.
In making the announcement, Clay H. Kiefaber, President and Chief Executive Officer stated, "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."