IDEX Corporation acquired Aegis Flow Technologies for approximately $25 million (cash), a transaction completed in April 2014, structured as all cash (stock acquisition).
Aegis Flow Technologies operates in Fluid & Metering Technologies, is based in Geismar, Louisiana, USA, had revenue of about approximately $15 million annual revenue. Producer of specialty chemical processing valves for use in the chemical, petro-chemical, chlor-alkali, pharmaceutical, semiconductor and pulp/paper industries. Located in Geismar, Louisiana.
Chemical, Food & Process platform within the FMT segment
On April 28, 2014, the Company acquired the stock of Aegis Flow Technologies (“Aegis”), a leader in the design, manufacture and sale of specialty chemical processing valves.
Advisory firms were not disclosed for this transaction.