IDEX Corporation acquired Richter, a transaction completed in October 2008, structured as all cash (stock acquisition).
Richter operates in Fluid & Metering Technologies, is based in Kempen, Germany, had revenue of about approximately $53 million annual revenue. Provider of premium quality lined pumps, valves and control equipment for the chemical and pharmaceutical industries; corrosion-resistant fluoroplastic lined products. Headquartered in Kempen, Germany.
Chemical, Food & Pharmaceutical reporting unit within the FMT segment
On October 1, 2008, the Company acquired the stock of Richter, a provider of premium quality lined pumps, valves and control equipment for the chemical and pharmaceutical industries.
Advisory firms were not disclosed for this transaction.