IDEX Corporation, based in Lake Forest, Illinois, is a publicly traded company engaged in the development, design, and manufacture of fluidics systems and specialty engineered products. The company has just announced its acquisition of Alfa Valvole srl, an Italian manufacturer of specialty valve procuts used in the chemical, petrochemical and energy markets. The deal is reportedly worth €102 million.
Idex chairman and CEO Andy Silvernail has said, “Alfa is the fifth acquisition in our rapidly expanding specialty valve platform. The company’s products, technology, brand and installed customer base are an excellent fit with the Idex business model.”