Leading Provider of Medical, Pharmaceutical and Laboratory Refrigeration Systems Joins Standex Food Service Equipment Group;

Expands Access to the Growing Scientific, Bio-Medical and Pharmaceutical Temperature and Environmental Control Markets;

Expected EPS Accretion of $0.01-$0.02 in Fiscal 2017 and $0.07-$0.09 in Fiscal 2018, Net of Purchase Accounting and Acquisition Costs

SALEM, N.H.–Standex International Corporation (NYSE:SXI) today announced that it has acquired South Carolina-based Horizon Scientific, Inc., a supplier of laboratory refrigerators and freezers, as well as cryogenic equipment for the scientific, bio-medical and pharmaceutical markets. Terms of the transaction were not disclosed. Horizon Scientific recorded revenue of approximately $28 million for the trailing 12 months ended September 2016. The acquisition is expected to be accretive to earnings per share by $0.01-$0.02 in fiscal 2017 and $0.07-$0.09 in fiscal 2018, net of purchase accounting and acquisition costs