IDEX Corporation Sells Ismatec Product Line
August 03 2015 - 9:27AM
Business Wire
IDEX CORPORATION (NYSE:IEX) today announced the sale of
its Ismatec product line to Cole–Parmer Instruments Company, a
leading global source of laboratory and industrial fluid handling
products, instrumentation, equipment, and supplies, for
approximately $28.0 million. The Ismatec products were part of the
Scientific Fluidics Platform and generated revenues of
approximately $13M in 2014.
“The sale of the Ismatec product line is consistent with our
strategic objectives and our focus on core business and customers.”
IDEX Chairman and Chief Executive Officer Andy Silvernail
stated.
About IDEX
IDEX Corporation is an applied solutions company specializing in
fluid and metering technologies, health and science technologies,
and fire, safety and other diversified products built to its
customers’ exacting specifications. IDEX Corporation has annual
revenues in excess of $2 billion 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”.
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version on businesswire.com: http://www.businesswire.com/news/home/20150803005248/en/
For further information, contact:IDEX CorporationHeath A.
MittsSenior Vice President –Chief Financial Officer847.498.7070
IDEX (NYSE:IEX)
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