Annual pro forma sales for 2010 are projected to be about £14m and current backlog, which has been increasing, is about £28m.
Colfax expects the transaction to be accretive over the next 12 months.
Colfax president and CEO Clay Kiefaber said that with the addition of Baric, the company will be able to offer customers a broader range of custom engineered lubrication systems worldwide.
“Expanding our global systems capability is a key part of our long-term growth strategy, and we look forward to the continued expansion of our systems business with the addition of Baric,” Kiefaber said.
