IDEX Corp. completes Akron Brass acquisition

LAKE FOREST - IDEX Corp. has completed the acquisition of Akron Brass Holding Corp. 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.

"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," said Andy Silvernail, IDEX chairman and chief executive officer.

IDEX Corp. is an applied solutions company specializing in fluid and metering technologies, health and science technologies, and fire, safety and other diversified products.