IDEX Corporation Acquires Alfa Valvole

June 10, 2015 | By Business Wire News

LAKE FOREST, Ill.

IDEX CORPORATION (NYSE:IEX) announced today the acquisition of Alfa Valvole, s.r.l., a leader in the design, manufacture and sale of specialty valve products used in the chemical, petrochemical, energy and sanitary markets.

Located in Casorezzo, Italy, Alfa has revenues of approximately €30 million and will operate within the IDEX Fluid & Metering Technologies segment. Alfa was acquired for approximately €102 million and is expected to be accretive to IDEX earnings in the first full year after closing.

Commenting on the acquisition, IDEX Chairman and Chief Executive Officer Andy Silvernail stated, “Alfa is the fifth acquisition in our rapidly expanding specialty valve platform. The company’s products, technology, brand and installed customer base are an excellent fit with the IDEX business model. We look forward to Alfa joining IDEX and we are excited about our joint global growth prospects going forward.”

About IDEX

IDEX Corporation is an applied solutions company specializing in fluid and metering technologies, health and science technologies, dispensing equipment, fire and safety equipment and other diversified products built to its customers’ exacting specifications. IDEX has annual revenues in excess of $2 billion annually and sells its products 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”.