About This Deal

IDEX Corporation acquired Gast Manufacturing Corporation for $118.1 million, a transaction completed in January 1998, structured as all cash (stock purchase).

Gast Manufacturing Corporation operates in Health & Science Technologies (later), is based in Benton Harbor, Michigan, USA. Manufacturer of air-moving products including compressors and vacuum pumps; IDEX purchased the common stock of Gast Manufacturing Corporation on January 21, 1998.

Gast business unit

Deal Terms

Acquirer
IDEX Corporation
Target
Gast Manufacturing Corporation
Value
$118.1 million
Date
January 1998
Type
Full acquisition
Status
Ready

Transaction Details

Target HQ
Benton Harbor, Michigan, USA
Segment
Health & Science Technologies (later)
Structure
All cash (stock purchase)
Announced
January 21, 1998
Closed
January 21, 1998

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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