Envois, Wilmington, Del., has completedthe previously announced separation (the “Separation”) of its fabrication technology business into an independent, publicly traded company, ESAB Corp. Enovis and ESAB common stock will each begin regular-way trading April 5, 2022 on the New York Stock Exchange under the ticker symbols “ENOV” and “ESAB”, respectively.
Immediately following the Separation, Enovis effected its previously announced reverse stock split of all issued and outstanding shares of Enovis common stock at a one-for-three ratio.
“With the successful completion of the Separation, both ESAB and Enovis are well-positioned to create significant value for their associates, customers, shareholders and communities around the world,” said Matt Trerotola, chief executive officer of Enovis. “We are thrilled about each company’s bright future that is fueled by strong global teams, powerful innovation engines and a commitment to continuous improvement.”
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