US Industrials Player Moves into Peru

US-based equipment manufacturer Colfax has acquired 91% of Peruvian welding products supplier Soldex from Inversiones Breca, it says. The sale values Soldex at $235m, including the assumption of debt. Colfax, a fluid-handling systems specialist with a welding products business active in several South American countries, is using its own cash for the deal. Soldex has operations in Peru and Colombia. BBVA and Miranda & Amado advised Colfax on the deal, while MBA Lazard and Rebaza, Alcazar, de las Casas advised Breca.