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
We are closing the chapter of the Chemicals Import Export Headquarters, and opening a new chapter under the name of Qemetica – a chemical group driving many industries on all continents. Therefore, the change of name is also accompanied by the adoption of the key goals of the business strategy for the next 6 years. – says Kamil Majczak, President of the Management Board.
In its efforts to advance chemical recycling, Neste has successfully conducted its first processing trial run with a new challenging raw material, liquefied discarded tires. In the processing run, Neste produced high-quality raw material for new plastics and chemicals.
Sika is opening a state-of-the-art facility in Lima, Peru, to produce synthetic macro fibers, and expanding the rollout of a product range with great growth potential in Latin America. With this innovative technology, Sika is further strengthening its position as a leading supplier to the mining industry and a strong partner for infrastructure projects.
