IDEX Corporation acquires Akron Brass (Akron Brass Holding Corporation)
Snapshot
IDEX Corporation acquired Akron Brass (Akron Brass Holding Corporation) for $224.2 million (base purchase price) in March 2016. The transaction was structured as all cash. Akron Brass (Akron Brass Holding Corporation) is a Wooster, Ohio, USA-based Fire & Safety/Diversified Products business.
- Acquirer
- IDEX Corporation
- Target
- Akron Brass (Akron Brass Holding Corporation)
- Value
- $224.2 million (base purchase price)
- Date
- March 2016
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
IDEX Corporation acquired Akron Brass (Akron Brass Holding Corporation) for $224.2 million (base purchase price), a transaction completed in March 2016, structured as all cash.
Akron Brass (Akron Brass Holding Corporation) operates in Fire & Safety/Diversified Products, is based in Wooster, Ohio, USA. Global leader in the manufacturing of safety equipment and emergency response equipment, operating under the Akron Brass and Weldon brand names; produces a large array of engineered life-safety products including apparatus valves, monitors, nozzles, specialty lighting, electronic vehicle-control systems and firefighting hand tools. Acquired from Premier Farnell plc.
World-class brands and presence as a premier manufacturer of firefighting equipment are an excellent strategic fit within the existing Fire Suppression platform.
Complements and creates synergies with existing Hale, Class 1, and Godiva businesses. Fire & Safety/Diversified Products segment
No advisory firms have been disclosed for this transaction.