Colfax Corp was organized as a Delaware corporation in 1998. It is a supplier of fluid handling products. The Company design, manufacture, install and maintain gas- and fluid-handling products for use in a wide range of markets, including power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other. Their gas-handling products are principally marketed under the Howden brand name. The fluid-handling products are marketed by Colfax Fluid Handling under a portfolio of brands including Allweiler and Imo. Colfax Fluid Handling is a supplier of a broad range of fluid-handling products, including pumps, fluid-handling systems and controls, and specialty valves. They are the manufacturer of rotary positive displacement pumps with a broad product portfolio and globally recognized brands. Rotary positive displacement pumps consist of a casing containing screws, gears, vanes or similar components that are actuated by the relative rotation of that component to the casing, which results in the physical movement of the liquid from the inlet to the discharge at a constant rate. The Company manufacture complete fluid-handling systems used primarily in the oil and gas, power generation, commercial marine and global defense markets. We offer turnkey systems and support, including design, manufacture, installation, commission and service. There systems include: lubrication systems, which are used in rotating equipment in oil refineries and other process industries; custom designed packages used in crude oil pipeline applications, lubrication and fuel forwarding systems used in power generation turbines and complete packages for commercial marine engine rooms. The valve business has specialized machining, welding and fabrication capabilities that enable us to serve as a supplier to the U.S. Navy. In addition to designing and manufacturing valves, They also offer repair and retrofit services for products manufactured by other valve suppliers through their aftermarket support centers located in Virginia Beach, Virginia and San Diego, California. The Company obtain raw materials, component parts and supplies from a variety of sources, generally each from more than one supplier. There principal raw materials are metals, castings, motors, seals and bearings. The Company is subject to a variety of laws regarding their international operations, including the U.S. Foreign Corrupt Practices Act and the U.K Bribery Act of 2010, and regulations issued by U.S. Customs and Border Protection, the U.S. Bureau of Industry and Security, the U.S. Treasury Department's Office of Foreign Assets Control ("OFAC") and various foreign governmental agencies.