IDEX Corporation Sells Ismatec Product LineNews

IDEX Corporation Sells Ismatec Product Line

source：IDEX

release：Julie

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Time：2015-09-04

IDEX CORPORATION (NYSE:IEX) (August 03, 2015) 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.