Colfax Corp. (CFX, Financial) is a diversified global industrial manufacturing and engineering company that provides gas and fluid handling technology products. Shares of Colfax increased given investors' growing confidence that the company will, in fact, recognize significant synergies from its recent acquisition of Charter International plc.We believe these financial synergies will be achieved despite the challenging near-term outlook for organic growth in Charter's welding and gas handling markets. In addition, Colfax recently completed a small secondary equity offering, which indicated that the company may pursue another attractive acquisition.
From the Baron Funds’ second quarter 2013 commentary.
From the Baron Funds’ second quarter 2013 commentary.
