WASHINGTON (dpa-AFX) - IDEX Corp. (IEX) said Monday that it has bought Aegis Flow Technologies, a manufacturer of specialty chemical processing valves for use in the chemical, petro-chemical, chlor-alkali, pharmaceutical, semiconductor and pulp/paper industries, for about $26 million in cash.
Located in Geismar, Louisiana, Aegis has annual revenue of about $15 million and will operate in IDEX's Chemical, Food & Process platform within its Fluid & Metering Technologies segment.
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