IDEX Corporation has acquired Velcora Holding and its Roplan and Steridose businesses from FSN Capital Partners for SEK 1.28 billion (over €121 million).
Roplan manufactures custom mechanical and shaft seals for the food and beverage, marine, chemical, wastewater and water treatment end markets. Steridose develops hygienic mixers and valves for the biopharmaceutical industry.
Headquartered in Sweden, both companies have operations in China, the UK and the US, with combined revenues of approximately SEK 375 million (€35.5 million).
“We welcome Roplan and Steridose to the IDEX family of businesses,” said Andy Silvernail, chairman and CEO of IDEX. “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.”
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