IDEX to Acquire Akron Brass for $224.2M in Cash

IDEX CORPORATION IEX announced today that it has entered into a definitive agreement to acquire Akron Brass Holding Corp. (the "Company"), an indirect wholly-owned subsidiary of Premier Farnell plc ("Premier Farnell"), and a global leader in the manufacturing of safety equipment and emergency response equipment, for a cash consideration of $224.2 million, subject to customary 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. Located in Wooster, Ohio, Akron Brass had revenues of approximately $120 million for the trailing twelve months See full press release