IDEX Teams Bring Holiday Cheer to Their Communities

Company News
December 14, 2023

Polymer Precision Engineering Enlists International Leader to Help Save Christmas

This year, the team at Polymer Precision Engineering (PPE) in Blackburn, England, has given hundreds of volunteer hours to their local foodbank. The time commitment coupled with regular donations of essential food and toiletries has supported a vital community service for those in need.

The winter holidays are one of Blackburn Foodbank’s busiest times of the year. So, PPE organized a special donation drive over the months of November and December to collect essential items. To distribute the items, they called on a legendary figure known for spreading hope and joy…

Fluid Management Donates to the Families of Instituto

Fluid Management employees joined Instituto del Progreso Latino in Chicago on Saturday, December 9, for their annual Family Toy Drive to benefit children who often don’t receive gifts during the holidays due to financial hardships.

The effort to support Instituto was a two-part volunteer event. Employees first collected and wrapped over 100 toys at their facility. One week later, seven employees attended the Toy Drive in the Little Village neighborhood of Chicago to serve as Santa’s helpers. They built gingerbread houses with the kids, passed out toys to families and facilitated a drive-through pickup option. In addition to collecting gifts and donating their time, the team also donated $10,000 USD to Instituto through the IDEX Foundation.

IDEX Health & Science Coordinates a Special Delivery

Employees at the Oak Harbor IH&S site north of Seattle brought some early holiday cheer to their local community food bank. Volunteers assembled holiday baskets for North Whidbey Help House, which the local team has supported for many years. They also helped load up vehicles to deliver the baskets to those in need.

IDEX Completes STC Material Solutions Acquisition

News Release
December 14, 2023

IDEX today completed its previously-announced acquisition of STC Material Solutions (STC), an integrated provider of advanced material science solutions.

STC specializes in the design and manufacturing of technical ceramics and hermetic sealing products for the most extreme, mission critical applications. The company has relationships with leading manufacturers in the semiconductor, aerospace and defense, industrial technology, medical technology, and energy sectors. Headquartered in St. Albans, Vermont, STC also has operations in Santa Ana, California.

“STC Material Solutions fits our growth strategy well, with strong IDEX qualities, including great teams with technical and domain expertise who develop and build highly-engineered products that command a premium,” IDEX Chief Executive Officer and President Eric Ashleman said. “STC expands our growing material science expertise, affording opportunities to collaborate with other IDEX critical components businesses on comprehensive solution sets for customers.”

IDEX continues to put its strong balance sheet to work, prioritizing the identification and completion of high-quality acquisitions focused on expanding our expertise into dynamic markets that support our future vision and growth strategy.

IDEX purchased STC from Artemis for cash consideration of $206 million USD, subject to customary post-closing adjustments. IDEX funded the acquisition using cash on hand and proceeds from its revolving credit facility. STC will be included in the Health & Science Technologies (HST) segment.

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