IDEX Foundation Receives $6 Million Infusion, Expands Mission

Company News
January 20, 2021

The IDEX Foundation, which was created to positively impact the communities in which IDEX people live and work, has announced an expanded mission accompanied by a contribution of $6 million from IDEX Corporation to support charitable efforts.

The funding infusion allows the Foundation to increase overall giving and add “Equity & Opportunity” – creating opportunities for under-served, disadvantaged people of color in our communities – as a lasting and fully-funded part of its mission.

“Foundation-funded volunteer projects continue to shape the fabric of our company culture, where great teams come together and contribute to the broader community. It’s part of who we are, and I couldn’t be prouder to help expand our ability to help,” IDEX CEO & President Eric Ashleman said.

The contribution means this important expansion of the mission won’t compete for funds with other charitable efforts. The Foundation’s annual charitable giving is expected to more than double.

While in-person efforts have been paused during the COVID-19 pandemic, foundation grants typically fund local projects led by volunteer teams from IDEX business units.

“I look forward to the days of once again regularly coming together as teams to build homes for the homeless, renovate community centers for kids and stuff backpacks with school supplies for local children,” Ashleman said.




IDEX Corporation to Acquire Abel Pumps L.P.

Company News
January 11, 2021

NORTHBROOK, Ill.–(BUSINESS WIRE)–Jan. 11, 2021– IDEX Corporation (NYSE:IEX) today announced that it has entered into a definitive agreement to acquire Abel Pumps, L.P., and certain of its affiliates (ABEL) from Hillenbrand, Inc. (NYSE: HI) for cash consideration of $103.5 million, before closing adjustments.

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.

To view the full press release, click here

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