IDEX Corporation announced today that it has completed the previously announced acquisition of Akron Brass Holding Corporation (the “Company”) in an all cash transaction for $224.2 million on a cash–free, debt–free basis, subject to customary post–closing adjustments.
Operating under the Akron Brass and Weldon brand names, the Company produces a large array of engineered life–safety products for the safety and emergency response markets, including apparatus valves, monitors, nozzles, specialty lighting, electronic vehicle–control systems and firefighting hand tools.
Commenting on the acquisition, Andy Silvernail, Chairman and Chief Executive Officer of IDEX Corporation said, “We are thrilled to announce the closing of the Akron Brass transaction. Akron Brass is a natural addition to our Fire & Safety/Diversified Segment and will provide our customers in the global firefighting industry with an expanded offering of world–class products and solutions.”
Source: IDEX Corporation
BASF increased sales by €2.6 billion compared with the first quarter of 2020 to €19.4 billion. This was mainly due to higher prices and volume growth.
Air Products acquired General Electric’s gasification business in 2018 which included the 50% stake in a syngas joint venture with China Shenhua Coal to Liquid and Chemical, a subsidiary of China Energy Group.
Tove Andersen, currently EVP Yara Europe, has been appointed President and CEO of Tomra Systems ASA. She will take up the new position latest 1 November 2021.