IDEX Corporation
June 25, 2025 - 1:11 pm
Business Profile
IDEX Corporation (“IDEX”) is a leading provider of applied solutions. It provide specialized solutions in various segments such as fluid and metering technologies, dispensing equipment and fire and safety product, health and science technologies. The Company produces variety of engineered products used in various industries. These products are sold to various customers, all over the world. In 2006, the company under goes through structural and organizational changes and adds one more reportable segment. Through these changes company became more focused in market strategy and in better position to fulfill the customer’s needs.
Now the company has four business segments. Fluid & Metering Technologies segment has several business units such as Banjo, Pulsafeeder, Liquid Controls, Versa-Matic, Warren Rupp and Viking (Viking Pump). The Health & Science Technologies segment has several business units such as Eastern Plastics, Micropump, Gast Manufacturing (“Gast”), Scivex and Rheodyne. The Dispensing Equipment segment includes Fluid and Fast Management. The Fire & Safety or Diversified
Products segment contains Hale Products fire suppression and various rescue tools and clamping business for BAND-IT engineered products.
The company is listed in NYSE (New York Stock Exchange) and the Chicago Stock Exchange. The company registered sale of $1.15 billion in year 2006 which is 14% higher than previous year. Net income also increased by 34% to $146.7 million in 2006.
The IDEX has approximately 4,863 employees worldwide.
In 2007, IDEX acquired Isolation Technologies. It is a producer of column hardware and accessories for HPLC (high-performance liquid chromatography) market. The Company also acquired Quadro Engineering, In June 2007. It is a distributor of control solutions for bio-pharmaceutical and the pharmaceutical markets. Quadro’s key capabilities are in the area of emulsification, fine milling and handling of solid and liquid components for pilot phase, laboratory and processing of production scale within bio-pharmaceutical and pharmaceutical markets. This company is operated under the Fluid & Metering Technologies segment, as a standalone unit.
The Company acquired Faure Herman SA In 2007; it provides helical and ultrasonic turbine flow meters that used in control and transfer of gases and fluids. In July 2006, IDEX sold its business segment that is lubricant dispensing, to Graco Inc. IDEX acquired Eastern Plastics, Inc., in May 2006. In October 2006, IDEX acquired all stocks of Banjo Corporation that produces various duty pumps, fittings, valves, and systems, which is used in OEM (original equipment manufacturing) and various applications in agricultural market and industrial liquid handling. In February 2006, IDEX acquired all stocks of JUN-AIR (JUN-AIR International A/S). In January, 2006, IDEX acquired all assets of Airshore (Airshore International). IDEX acquired Toptech Systems, Inc., in December 2006. It provides terminal automation systems, which is used in control and transfer of valuable gases and fluids. The products of Toptech include terminal automation of software and hardware that is used in gas, oil and markets of refined fuels to manage and control inventories, invoicing and data transaction.
Fluid & Metering Technologies Segment
This Segment produces, distributes, and designs various displacement flow and pumps meters, injectors, compressors, and various pump systems and modules for fluid handling. These products are widely used in various end markets such as infrastructure of industries (gas and oil, refined fuels, fossil fuels, waste water, and water), paper and pulp, electrical and electronics, food and beverage, transportation, mining, construction and several other markets. In 2006, this segment accounted sales of 38% and operating income of 36% and more than 41% sales outside the US.
The company acquired Banjo in September 2006, a Crawfordsville; Indiana based company whose products are widely used in industrial and agricultural applications.
Pulsafeeder produces meter pumps, rotary pumps, electronic controls, dispensing equipment and peristaltic pumps. These products were used in water quality management and maintain chemical composition of water.
Viking produces external and internal gear pumps, reducers and strainers, and several other controls, used in metering and transferring viscous and thin liquids. Versa-Matic produces and distributes double-diaphragm pumps which are air-operated and various replacement parts.
Health & Science Technologies Segment
This Segment produces, distributes and designs various fluidics solutions and pumping solutions, which is very useful in clinical diagnostics, drug discovery, and analytical instrumentation. This segment has contributed to 26% of sales in 2006 and customers outside from the United States have contributed to 39% of sales. This segment has Valco Instruments and Thomas Industries as competitors.
Dispensing Equipment Segment
This segment produces equipment for metering, dispensing and mixing paints, colorants and products related to personal care. This segment contributed 14% to sales in 2006. The 65% of sales is from clients out of the United States. Main competitor of the Company is Corob S.p.A.
Fire & Safety/Diversified Products Segment
This segment manufactures firefighting controls and pumps, lifting bags, rescue tools and components and systems related to rescue and fire industry. It also manufactures stainless steel banding and devices for clamping used in various commercial and industrial applications. This segment contributed 22% to sales in 2006. The 46% of sales was from customers outside of the United States. Main competitors of the Company in this segment are Waterous Company, A.J. Gerrard & Company, and Holmatro, Inc.
