IDEX Corporation with New Structure
IDEX Corporation announced the expansion of its number of reporting segments from three to four segments. Effective with the reporting of its financial results for the three months ending June 30, 2006, IDEX's segments will be disclosed as:
- Fluid & Metering Technologies
- Health & Science Technologies
- Dispensing Equipment
- Fire & Safety/Diversified Products
"The new business structure reflects a more focused market strategy across all businesses and provides a strong platform to support our future growth," said Larry Kingsley, Chairman and Chief Executive Officer. "Through this new structure, we will be better positioned to address emerging customer needs in industrial fluid and metering technologies, health and science instrumentation and equipment, dispensing, and fire and safety. The addition of a fourth segment reflects our evolving capability and content for applied health and science technologies."
Under the new structure, the Fluid & Metering Technologies segment will consist of the following IDEX business units: Liquid Controls, Pulsafeeder, Viking, Warren Rupp and Versa-Matic. The Health & Science Technologies segment will include Gast Manufacturing, Micropump, Rheodyne, Scivex and recently-acquired Eastern Plastics Inc. (EPI). The Dispensing Equipment segment will consist of FAST, Fluid Management and Lubriquip. The Fire & Safety/Diversified Products segment will include the company's Hale Products' fire suppression and rescue tools businesses, as well as its BAND-IT engineered clamping business.
Source: IDEX Corporation
