IDEX Corporation acquired Precision Polymer Engineering (PPE, formerly Seals Ltd), a transaction completed in April 2010, structured as all cash (stock acquisition).
Precision Polymer Engineering (PPE, formerly Seals Ltd) operates in Health & Science Technologies (Sealing Solutions). Leading provider of proprietary high performance seals and advanced sealing solutions for analytical instrumentation, semiconductor/solar and process technologies; consists of the Polymer Engineering and Perlast divisions.
Health & Science Technologies segment (Sealing Solutions platform)
On April 15, 2010, the Company acquired the stock of PPE, previously referred to as Seals, Ltd, a leading provider of proprietary high performance seals and advanced sealing solutions for a diverse range of global industries.
Advisory firms were not disclosed for this transaction.