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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): MAY 24, 2004
IDEX CORPORATION
(Exact Name of Registrant as Specified in its Charter)
DELAWARE 1-10235 36-3555336
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.)
630 DUNDEE ROAD
NORTHBROOK, ILLINOIS 60062
(Address of principal executive offices, including zip code)
(847) 498-7070
(Registrant's telephone number)
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ITEM 9. REGULATION FD DISCLOSURE
On May 24, 2004, IDEX Corporation issued a press release announcing
the completion of its previously-announced acquisition of Scivex,
Inc. A copy of this press release is included below.
IDEX CORPORATION COMPLETES ACQUISITION OF SCIVEX, INC.;
STRATEGIC EXPANSION OF LIFE SCIENCES BUSINESS
NORTHBROOK, IL, MAY 24, 2004 -- IDEX CORPORATION (NYSE: IEX) today
announced the completion of its previously-announced acquisition of
Scivex, Inc., a leading provider of fluidic components and systems
for the analytical, biotechnology and diagnostic instrumentation
markets. Scivex, which represents a strategic expansion of IDEX's
life sciences business, will be operated as a standalone business as
part of the IDEX Pump Products Group. Scivex was previously owned by
KRG Capital Partners, a middle market private equity firm based in
Denver, Colorado. Terms of the cash transaction were not DISCLOSED.
Scivex operates Upchurch Scientific in Oak Harbor, Washington;
Sapphire Engineering in Pocasset, Massachusetts; and J.L. White in
Santa Clara, California, and has annual sales of approximately $31
million. Scivex is a leading developer, manufacturer and marketer of
highly-engineered, cost-effective fluidic solutions for the
analytical, biotechnology, clinical diagnostic and related life
sciences market.
Commenting on the acquisition, IDEX Chairman and Chief Executive
Officer Dennis K. Williams said, "Scivex fits IDEX's growth strategy
exceptionally well and is an excellent addition to our company. The
combination of Micropump, Ismatec, Trebor, Rheodyne, Systec and
Scivex will significantly enhance our ability to meet our customers'
needs in the growing, global market for analytical, biotechnology,
medical and diagnostic instrumentation solutions."
Alan Schell, chief executive officer of Scivex, Inc., said, "We are
excited to become part of IDEX, a world leader in fluid-handling
technologies. Together, our companies are well positioned to meet the
global demand for high-value, cost-effective fluidic components and
sub-assemblies used in the analytical, biotechnology, clinical
diagnostic and related life sciences markets."
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Exchange Act of 1934, as amended. These statements
are indicated by words or phrases such as "anticipate," "estimate,"
"plans," "expects," "projects," "should," "will," "management
believes," "the company believes," "the company intends," and similar
words or phrases. These statements are subject to inherent
uncertainties and risks that could cause actual results to differ
materially from those anticipated at the date of this news release.
For a discussion of such risks and factors that could cause actual
results to differ from those contained in the forward-looking
statements, please see "Risk Factors" in the company's annual report
or Form 10-K for the most recent fiscal year, as well as the
company's other filings with the Securities and Exchange Commission.
Management undertakes no obligation to publicly update the
forward-looking statements contained in this release. Investors are
cautioned not to rely unduly on forward-looking statements when
evaluating the information presented here.
ABOUT IDEX CORPORATION
IDEX Corporation is the world's leading provider of positive
displacement pumps, dispensing equipment for color formulation, and
other highly engineered products. Its products are sold to a wide
range of industries throughout the world. IDEX shares are traded on
the New York Stock Exchange and Chicago Stock Exchange under the
symbol "IEX."
FOR FURTHER INFORMATION ON IDEX CORPORATION AND ITS
BUSINESS UNITS, VISIT THE COMPANY'S WEB SITE AT www.idexcorp.com.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
IDEX CORPORATION
/s/ DOMINIC A. ROMEO
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Dominic A. Romeo
Vice President and Chief Financial Officer
May 24, 2004