RICHMOND, VA — Colfax Corp. has completed the sale of its Colfax Power Transmission Group division to Genstar Capital, L.P., a private investment firm. Terms of the transaction were not disclosed.
Headquartered in Quincy, Mass., the Colfax Power Transmission Group produces and distributes a wide range of mechanical power transmission products, including industrial clutches and brakes, enclosed gear drives, open gearing and couplings. The business consists of several power transmission and component manufacturers including Warner Electric, Boston Gear, Formsprag Clutch, Stieber Clutch, Ameridrives Couplings, Wichita Clutch, Nuttall Gear and Delroyd Worm Gear and has 16 manufacturing facilities around the world.
The company, which will now operate under the new name Altra Industrial Motion, Inc., has estimated revenues of approximately $336 million for 2004.
For more information, visit: http://www.colfaxcorp.com.
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