Colfax Pump Group Announces Organizational Change

17.05.2004

The Colfax Pump Group announced the promotion of Mr. Klaus Stahlmann to the position of Colfax Pump Group Vice President and General Manager Allweiler.

Mr. Stahlmann, who is currently the Allweiler Vorstand and VP of Sales for Europe and Asia Pacific, will take on the full business responsibilities for the Radolfzell and Bottrop Germany manufacturing sites.

Mr. Campbell Walton, President of the Colfax Pump Group in making this announcement said, “We are pleased to be able to offer to Mr. Stahlmann this position that will further expand his responsibilities for Colfax. He is an extremely capable manager who is well qualified for this role.”

In a separate statement, it was also announced that Harald Cwiertnia, Vice President and General Manager of Operations Europe has resigned his position effective May 31, 2004. He will return to Johnson Controls Inc., where he worked previously until joining Colfax in July of 2003. Mr. Walton stated that, “I regret Mr. Cwiertnia’s decision to return to JCI. His experience and leadership at Radolfzell and Bottrop will be greatly missed.”

About Allweiler

Founded in 1860, Allweiler AG is the oldest German pump manufacturer and the European market and technology leader for centrifugal, propeller, screw, eccentric spiral, macerator, and peristaltic pumps. Allweiler AG owns a foundry and produces ready-to-use fuel skids. Allweiler AG has their main German headquarters in Radolfzell by Lake Constance as well as a major subsidiary in Bottrop, Germany. Since 1998, Allweiler AG has been part of the Colfax Pump Group.

The Colfax Pump Group is a business division of Colfax Corporation, a privately held company based in Richmond Virginia. It is a leading marketer and world-class manufacturer of fluid handling and power transmission products through its Colfax Pump Group and Colfax Power Transmission Group divisions.

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