IDEX Corporation announced that it has agreed to acquire Akron Brass Holding Corporation from Premier Farnell plc for a cash consideration of $224.2 millon. Based in Wooster, Ohio, Akron Brass is a manufacturer of safety equipment and emergency response equipment including apparatus valves, monitors, nozzles, specialty lighting, electronic vehicle control systems and firefighting hand tools. The company generated 2015 revenues of approximately $120 million. The deal is expected to close in approximately 60 days.
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