IDEX Corporation acquired Tianjin Dinglee Machine and Motor Co., Ltd for $4.1 million, structured as All-cash, financed by borrowings under the Credit Facility.
Tianjin Dinglee Machine and Motor Co., Ltd operates in Other Engineered Products Group (Hale Products business unit). In July 2004 IDEX acquired Tianjin Dinglee Machine and Motor Co., Ltd, based in Tianjin, China, a leading manufacturer of rescue tools in the Chinese rescue-tool market. Dinglee was operated as part of the Hale business unit.
Established a manufacturing base for IDEX's Hale rescue-tools platform in China and access to the Chinese rescue-tool market.
IDEX acquired Vetter, Systec, Scivex and Dinglee for a purchase price of $44,813, $22,442, $98,553 and $4,106, respectively, with financing provided by borrowings under the Credit Facility.IDEX Corporation, 2004 Form 10-K (Exhibit 13, Note 11. Acquisitions)
Advisory firms were not disclosed for this transaction.