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Idex closes acquisition of Abel Pumps 16 March 2021 Abel designs and manufactures highly engineered reciprocating positive displacement pumps for end markets including mining, marine, power, water, wastewater and other general industries. The company’s diaphragm and high-pressure piston pumps serve harsh, demanding applications involving abrasive or corrosive substances and fluids with high solids content. Abel has an administration office and manufacturing plant in Büchen, Germany, and sales and service locations in Madrid, Spain and Pittsburgh, USA. �...

Hillenbrand Completes Sale of ABEL Pumps to IDEX Corporation - ABEL divestiture further streamlines portfolio and completes exit of flow control businesses - Enables greater focus on platform businesses and growth opportunities - Proceeds to be used to reduce leverage and reinvest in the business News provided by Share this article Share this article BATESVILLE, Ind., March 11, 2021 /PRNewswire/ -- Hillenbrand, Inc. (NYSE: HI) announced today that it has completed the sale of Abel Pumps, L.P., and certain of its affiliates (ABEL) to IDEX Corporation (NYSE: IEX). The sale closed in accordance...

(photo courtesy of Abel Pumps) by: Alex Brown, Inside INdiana Business Posted: Mar 11, 2021 / 04:53 PM EST BATESVILLE, Ind. (Inside INdiana Business) — Batesville-based Hillenbrand Inc. (NYSE: HI) has completed the sale of its Abel Pumps LP subsidiary to IDEX Corp. (NYSE: IEX) in Pittsburgh. The deal was valued at more than $130 million.  The sale was first announced in January. Hillenbrand says it plans to use the proceeds from the sale to reduce debt and “reinvest in organic growth opportunities.” “The ABEL divestiture is an important step in our strategy to streamline our portfo...

Our top pump stories in January 9 February 2021 World Pumps' most-read stories in January 2021 were Ebara’s acquisition of Vansan, Idex’s agreement to acquire Abel Pumps and a company focus on Celeros Flow Technology.     Share this news… 4 February 2020 1 May 2018 1 June 2018 News 29 March 2021 30 March 2021 1 April 2021 25 March 2021 22 March 2021 About World Pumps For more than 50 years, World Pumps has been the world's leading pump magazine, keeping the pump industry and its customers informed about all the technical and commercial developments ...

Batesville-based Hillenbrand Inc. (NYSE: HI) says it has reached a deal to divest its Abel Pumps LP subsidiary to IDEX Corp. (NYSE: IEX) in Pittsburgh. The sale is valued at more than $103 million and