LAKE FOREST, Ill.--(BUSINESS WIRE)--Apr. 28, 2014--
IDEX Corporation (NYSE: IEX) announced today the acquisition of Aegis
Flow Technologies (“Aegis”), a leader in the design, manufacture and
sale of specialty chemical processing valves for use in the chemical,
petro-chemical, chlor-alkali, pharmaceutical, semiconductor and
pulp/paper industries.
Located in Geismar, Louisiana, Aegis has annual revenue of approximately
$15 million and will operate in our Chemical, Food & Process platform
within our Fluid & Metering Technologies segment. Aegis was acquired for
cash consideration of approximately $26 million.
About IDEX
IDEX Corporation is an applied solutions company specializing in fluid
and metering technologies, health and science technologies, dispensing
equipment, and fire, safety and other diversified products built to its
customers’ exacting specifications. Its products are sold in niche
markets to a wide range of industries throughout the world. IDEX shares
are traded on the New York Stock Exchange and Chicago Stock Exchange
under the symbol “IEX”.
For further information on IDEX Corporation and its business units,
visit the company’s web site at www.idexcorp.com.
Source: IDEX Corporation
IDEX Corporation
Heath A. Mitts
Vice President –Chief
Financial Officer
847.498.7070