NORTHBROOK, Ill. (April 22, 2010)—U.S. seal maker IDEX Corp. has acquired Seals Ltd. of the United Kingdom.
Seals will operate within IDEX's Health and Science Technologies segment and was acquired with a cash consideration of about $53.8 million.
Seals Ltd. comprises Polymer Engineering and Perlast divisions, based in Blackburn, England. It has annual revenues of about $32 million.
Its Polymer Engineering division focuses on sealing solutions for hazardous duty applications. The Perlast division produces highly engineered seals for analytical instrumentation, pharmaceutical, electronics and food applications.