Category: News Release

Teams at IDEX business units across the United States now have expanded opportunities to volunteer locally as part of a new partnership between Boys & Girls Clubs of America and the IDEX Foundation, the charitable giving extension of IDEX Corporation (NYSE: IEX). The national partnership is an outgrowth of successful relationships various IDEX business units have had with local Clubs for years.

The partnership, which includes financial support and opportunities for volunteerism at local Clubs, results from the IDEX Foundation adding “Equity & Opportunity” – creating opportunities for under-served, disadvantaged people of color in our communities – as an additional charitable pillar earlier this year.

“IDEX teams regularly perform volunteer work through local charities that impact their communities, with financial support from the IDEX Foundation. This new partnership will provide tailor made opportunities to do even more through the amazing work done every day at Clubs in the communities where we live and work,” said Derrick Goddard, president of the IDEX Foundation.

The IDEX Foundation’s decision to partner with Boys & Girls Clubs of America nationally fits with the organization’s mission to help empower young people to reach their full potential. Clubs are located near every IDEX business unit in the United States.

“Thank you to the IDEX Foundation, its business units and employees for supporting Boys & Girls Clubs of America as we continue our commitment to offering youth the resources they need to reach their full potential,” said Chad Royal-Pascoe, acting senior vice president, resource development for Boys & Girls Clubs of America. “It is through partnerships like this that we are able to fuel programs, experience and opportunities that help us to close the equity and opportunity gaps for kids and teens.”

 

About IDEX

IDEX (NYSE: IEX) is a company that has undoubtedly touched your life in some way. In fact, IDEX businesses make thousands of products that are mission-critical components in everyday activities. Chances are the car you’re driving has a BAND-IT® clamp holding your side airbag safely in place. If you were ever in a car accident, a Hurst Jaws of Life® rescue tool may have saved your life. If you or a family member is battling cancer, your doctor may have tested your DNA in a quest to find the best targeted medicine for you. It’s likely your DNA test was run on equipment that contains components made by our growing IDEX Health & Science team. Founded in 1988 with three small, entrepreneurial manufacturing companies, we’re proud to say that we now call over 40 diverse businesses around the world part of the IDEX family. With more than 7,000 employees and manufacturing operations in more than 20 countries, IDEX is a high-performing, global nearly $2.5 billion company committed to making trusted solutions that improve lives. IDEX shares are traded on the New York Stock Exchange under the symbol “IEX”.

For further information on IDEX Corporation and its business units, visit the company’s website at www.idexcorp.com.

 

About Boys & Girls Clubs of America

For 160 years, Boys & Girls Clubs of America (BGCA.org) has provided a safe place for kids and teens to learn and grow. Clubs offer caring adult mentors, fun and friendship, and high-impact youth development programs on a daily basis during critical non-school hours. Boys & Girls Clubs programming promotes academic success, good character and leadership, and healthy lifestyles. More than 4,700 Clubs serve over 4.3 million young people through Club membership and community outreach. Clubs are located in cities, towns, public housing and on Native lands throughout the country, and serve military families in BGCA-affiliated Youth Centers on U.S. military installations worldwide. National headquarters are located in Atlanta. Learn more about Boys & Girls Clubs of America on Facebook and Twitter.

 

 

The National Association of Corporate Directors (NACD) this week named IDEX Corporation (NYSE: IEX) Non-Executive Chairman William M. Cook as its “Public Company Director of the Year.”

NACD announced the award along with its 2021 Directorship 100 honorees, an annual recognition of the leading corporate directors, corporate governance experts, policymakers, and influencers who have made a significant impact on boardroom practices and performance.

“Genuinely humble and team-oriented, Bill naturally pulls important viewpoints from other board members, helping shape the necessary space for contemplation,” said Eric D. Ashleman, CEO and President of IDEX Corporation. “One of his greatest skills is how he forces us to do the work of validation in decision-making, helping us think critically about the alternatives presented.

“Never rattled, his sound judgement and critical thinking have been invaluable as we continue to develop and deploy trusted solutions that solve some of the world’s biggest challenges,” Ashleman said.

According to the NACD, the award recognizes those who represent the association’s principles of director professionalism: integrity, mature confidence, informed judgment, and high performance.

“The past year has demanded innovation and rapidly evolving solutions from board leaders across the country,” said Peter R. Gleason, president and CEO of NACD. “This year’s honorees—each of whom have been nominated by a peer—have demonstrated their individual excellence in governance, by serving their organizations and communities during the most challenging of times. They exemplify accomplishment and integrity and inspire others with their dedication to enhancing board leadership.”

Mr. Cook is also Non-Executive Chairman of the Board of Neenah, Inc. and is a Director of Axalta Coating Systems Ltd.

Honorees will be recognized during the 2021 NACD Directorship Awards Virtual Gala on November 9, 2021 and highlighted in NACD Directorship magazine’s Annual List of the Most Influential People in Boardrooms and Corporate Governance, appearing in the magazine’s November/December 2021 issue.

IDEX Corporation today continued its commitment to advancing company culture by welcoming its new Chief Diversity, Equity and Inclusion Officer Troy McIntosh. In this newly created role, Troy joins the IDEX Senior Leadership Team and reports directly to IDEX CEO and President Eric Ashleman.

Troy will help build the global roadmap and success measures for Diversity, Equity and Inclusion (DE&I) at IDEX. This work will include embedding DE&I deeper in the company culture and building inclusive leadership and cultural competence in all IDEX people through training, education, and coaching, assisting leaders as they strive to become champions for an industry-leading workplace. He will make sure systems help mitigate bias and provide more equitable opportunities for everyone to reach their full potential at IDEX. These efforts will also include increasing representation in the workforce to align with where we live and do business, enhancing supplier diversity programs, and guiding our growing Employee Resource Groups.

Troy joins IDEX from Chicago-based U.S. Cellular, the fourth largest cellular communications carrier in the United States, where he served as the Head of Diversity & Inclusion for the past five years. At U.S. Cellular he increased diversity of the workforce – particularly in leadership – and led campaigns to increase awareness of bias in the workplace and in hiring, helping build a culture of inclusive leadership. Other programs he championed helped increase supplier diversity and expand the company’s Associate Resource Groups. This year, U.S. Cellular is ranked #75 on Forbes’ “Best Employers for Diversity” list. His previous Human Resources experiences have included roles at Ingredion Inc., Pactiv, Johnson Controls, Abbott Laboratories, Sara Lee Corporation and United Airlines.

Originally from Grand Rapids, Michigan, Troy earned a Bachelor of Arts degree in Psychology and Philosophy from the University of Notre Dame, followed by a Master of Arts in Social Service Administration from the University of Chicago. He began his career as a high school social worker and an education consultant in the Office of Catholic Education for the Archdiocese of Chicago. His Diversity, Equity & Inclusion work today ties back to those early education roles, through which Troy was a champion for people seeking to overcome barriers and achieve a better life.

IDEX Corporation (NYSE:IEX) today completed its previously announced acquisition of Airtech Group, Inc., US Valve Corporation and related entities from investment funds managed by EagleTree Capital.

Airtech designs and manufactures a wide range of highly-engineered pressure technology products, including vacuum pumps, regenerative blowers, compressor systems and valves. The company provides customized solutions across diversified end markets such as alternative energy, food processing, medical, packaging and transportation. Airtech serves clients globally, with operations in the United States, Europe and Asia.

“Airtech and its employees worldwide are a welcome addition to the IDEX family of businesses, expanding our expertise in specialized, high-performing air moving technologies,” IDEX Chief Executive Officer and President Eric Ashleman said. “We look forward to fully integrating the Airtech team into our global company. Airtech’s highly-engineered pneumatic solutions further our ability to solve the most difficult problems for our customers.”

Airtech’s headquarters and largest manufacturing facility are in Rutherford, New Jersey. The company has other manufacturing operations in Werneck, Germany and Shenzhen, China. Airtech joins IDEX’s Health & Science Technology segment.

About IDEX

IDEX (NYSE: IEX) is a company that has undoubtedly touched your life in some way. In fact, IDEX businesses make thousands of products that are mission-critical components in everyday activities. Chances are the car you’re driving has a BAND-IT® clamp holding your side airbag safely in place. If you were ever in a car accident, a Hurst Jaws of Life® rescue tool may have saved your life. If you or a family member is battling cancer, your doctor may have tested your DNA in a quest to find the best targeted medicine for you. It’s likely your DNA test was run on equipment that contains components made by our growing IDEX Health & Science team. Founded in 1988 with three small, entrepreneurial manufacturing companies, we’re proud to say that we now call over 40 diverse businesses around the world part of the IDEX family. With more than 7,000 employees and manufacturing operations in more than 20 countries, IDEX is a high-performing, global nearly $2.5 billion company committed to making trusted solutions that improve lives. IDEX shares are traded on the New York Stock Exchange under the symbol “IEX”.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210614005583/en/

IDEX Corporation (NYSE:IEX) today announced that it has entered into a definitive agreement to acquire Airtech Group, Inc., US Valve Corporation and related entities from investment funds managed by EagleTree Capital for cash consideration of $470 million, subject to customary post-closing adjustments.

Airtech designs and manufactures a wide range of highly engineered pressure technology products, including vacuum pumps, regenerative blowers, compressor systems and valves. The company provides customized solutions across diversified end markets such as alternative energy, food processing, medical, packaging and transportation. Airtech serves clients globally, with operations in the United States, Europe and Asia.

“The acquisition of Airtech expands our expertise in specialized, high-performing air moving technologies, increasing our ability to serve customers’ needs,” IDEX Chief Executive Officer and President Eric Ashleman said. “Airtech has an excellent record of providing highly engineered solutions for niche applications across a wide array of industries. We expect this acquisition to be an outstanding fit for IDEX. Our decentralized structure gives business units significant autonomy, while the common IDEX culture and operating model provide the foundation for operational excellence and growth that will enhance the business the Airtech team has already built.”

“We continue to actively seek opportunities to deploy capital and acquire IDEX-like businesses, as well as make some calculated bets in new technologies to bolster our growth potential, further strengthen our portfolio and enhance our return to shareholders,” Ashleman said.

“It has been a pleasure collaborating with the Airtech team over these past years,” said Robert Fogelson, Senior Partner at EagleTree Capital. “We are all delighted that Airtech will become part of IDEX, which will be a wonderful home for the business for the long term.”

Airtech’s headquarters office and largest manufacturing facility are in Rutherford, New Jersey. The company has other manufacturing operations in Werneck, Germany and Shenzhen, China. Airtech will join IDEX’s Health & Science Technology segment.

The transaction is expected to close by the end of the second quarter of 2021, subject to regulatory approvals and customary closing conditions.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210427006063/en/IDEX-Corporation-to-Acquire-Airtech

IDEX Corporation (NYSE:IEX) today completed its previously announced acquisition of Abel Pumps, L.P., and certain of its affiliates (ABEL) from Hillenbrand, Inc. (NYSE: HI).

ABEL designs and manufactures highly engineered reciprocating positive displacement pumps for a variety of end markets, including mining, marine, power, water, wastewater and other general industries. The company’s diaphragm and high-pressure piston pumps serve harsh, demanding applications involving abrasive or corrosive substances and fluids with high solids content.

“We welcome ABEL and its employees worldwide to the IDEX family of businesses. We look forward to their expertise complementing the longstanding strength IDEX has in pump and valve manufacturing,” IDEX Chief Executive Officer and President Eric Ashleman said. “As part of our great team, together we will further expand our abilities to solve customers’ toughest fluidics challenges.”

ABEL’s administration office and manufacturing plant are in Büchen, Germany, with sales and service locations in Madrid and Pittsburgh. ABEL joins IDEX’s Fluid and Metering Technologies segment.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210311005096/en/