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IDEX Corporation (NYSE: IEX) acquires FTL Seals Technology Limited

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IDEX Corporation (NYSE: IEX) has acquired FTL Seals Technology (“FTL”) a leader in the design and application of high integrity rotary seals, specialty bearings and other custom products for the oil & gas, mining, power generation and marine markets.

FTL’s shareholders were advised by BCMS’s Major Transactions Group in the UK. FTL, which is headquartered in Morley, Leeds, has traded for over 35 years and has annual revenues of approximately £15 million.

IDEX Corporation (NYSE: IEX) is a $2 billion company headquartered in Forest Lake, Illinois specializing in fluid and metering technologies, health and science technologies, dispensing equipment, and fire, safety and other diversified products. For additional information please visit www.idexcorp.com

 

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Posted Apr 2013
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