IDEX Corporation Acquires Seals, Ltd
finance.yahoo.com
Thursday April 15, 2010, 5:00 pm EDT
NORTHBROOK, Ill.--(BUSINESS WIRE)--IDEX Corporation (NYSE: IEX) today announced the acquisition of Seals, Ltd. Seals, consisting of the Polymer Engineering and Perlast divisions, is a leading provider of proprietary high performance seals and advanced sealing solutions for a diverse range of global industries, including analytical instrumentation, semiconductor/solar and process technologies. Seals’ Polymer Engineering division focuses on sealing solutions for hazardous duty applications. The Perlast division produces highly engineered seals for analytical instrumentation, pharmaceutical, electronics, and food applications. Perlast and Polymer Engineering are acknowledged leaders in the handling of a wide variety of aggressive media and micro-fluidic sealing applications.
Headquartered in Blackburn, England, Seals has annual revenues of approximately £21 million. Seals will operate within IDEX’s Health and Science Technologies segment and was acquired with a cash consideration of approximately £35 million. |
