IDEX Corp. has acquired Sweden-based Velcora Holding AB and its Roplan and Steridose businesses from FSN Capital Partners for 1.28 billion Swedish kronor, or roughly $137 million.
Roplan is a global manufacturer of custom mechanical and shaft seals for a variety of end markets including food and beverage, marine, chemical, wastewater and water treatment. Steridose develops engineered hygienic mixers and valves for the global biopharmaceutical industry. Both companies are headquartered in Sweden, with operations in China, the U.K. and U.S. Total revenues are approximately 375 million Swedish kronor, or $40 million.
“We welcome Roplan and Steridose to the IDEX family of businesses,” IDEX CEO Andy Silvernail said in a statement. “These companies complement both our sealing solutions as well as health and sciences platforms well. In our unique structure, companies retain a great deal of autonomy, while benefitting from the expertise and operating model at IDEX. Roplan and Steridose should flourish as part of our culture, where great teams win together by focusing on the things that matter most, combined with an obsession on solving our customers’ most challenging problems.”
Based in Lake Forest, IDEX is a global fluidics leader serving high-growth specialized markets. The company has about 7,300 employees and reported net sales of just under $2.5 billion in fiscal year 2018.
