Colfax Corp., a Howard County industrial technology company, plans to buy an orthopedic device manufacturer from private equity funds managed by Blackstone in a $3.15 billion cash deal. Colfax CEO Matt Treretola said in a statement Monday that the Annapolis Junction-based company (NYSE: CFX) will gain entry into the fast-growing, “high-margin” orthopedic device market. “This transaction reflects our strategic intent to diversify our portfolio and end-market exposure, reduce cyclicality, and increase…
from https://www.bizjournals.com/baltimore/news/2018/11/19/colfax-to-buy-djo-global-from-blackstone-in-3-15b.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/180277368887
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