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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): APRIL 26, 2004
IDEX CORPORATION
(Exact Name of Registrant as Specified in its Charter)
DELAWARE 1-10235 36-3555336
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) 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 2. ACQUISITION OR DISPOSITION OF ASSETS
On April 26, 2004, IDEX Corporation issued a press release announcing
that it has entered into a definitive agreement to acquire Scivex, Inc.
A copy of this press release is included below.
IDEX CORPORATION ENTERS INTO AGREEMENT TO ACQUIRE SCIVEX, INC.
NORTHBROOK, IL, APRIL 26, 2004 -- IDEX CORPORATION (NYSE: IEX) today
announced that it has entered into a definitive agreement to acquire
Scivex, Inc., a leading provider of fluidic components and systems for
the analytical, biotechnology and diagnostic instrumentation markets.
Scivex is a portfolio company of KRG Capital Partners, a middle market
private equity firm based in Denver, Colorado. The transaction is
subject to certain conditions, including approval under the
Hart-Scott-Rodino Antitrust Improvements Act. 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. Its
primary products include a wide variety of high tech components
including fittings, tubing, check valves, pistons, filters as well as
dispensing pumps, micro and nano-scale fluidic modules. It is expected
that Scivex will be operated as a standalone business in IDEX's Pump
Products Group.
ABOUT IDEX
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."
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.
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
April 26, 2004