IDEX Corporation acquired Qualtek Manufacturing, Inc. for $1.9 million (cash), a transaction completed in November 2020, structured as all cash.
Qualtek Manufacturing, Inc. operates in Fire & Safety/Diversified Products (BAND-IT), is based in Colorado Springs, Colorado, USA. Manufacturer of high quality specialty metal components and parts providing vertically integrated tool and die, metal stamping and metal finishing services. Headquartered in Colorado Springs, Colorado.
BAND-IT reporting unit within the FSDP segment
On November 23, 2020, the Company acquired Qualtek Manufacturing, Inc. (“Qualtek”), a manufacturer of high quality specialty metal components and parts by providing vertically integrated tool and die, metal stamping and metal finishing services.
Advisory firms were not disclosed for this transaction.