Northbrook, IL—IDEX, a provider of positive displacement
pumps, dispensing equipment for color formulation and other engineered products,
has announced that it plans to acquire Scivex from KRG Capital Partners.
Scivex recorded $31 million in revenues in 2003. Its businesses include:
Upchurch Scientific, a manufacturer of fluid-transfer components; Sapphire
Engineering, a manufacturer of precision components; and J.L. White Technical
Sales, a manufacturers’ representative specializing in advanced polymers,
electromechanical products and diagnostic industries. Following the acquisition,
Scivex is expected to operate as a stand-alone business in IDEX’s Pump
Products Group. IDEX also acquired Systec, a designer and manufacturer of
vacuum degassing products with annual sales of approximately $9 million.