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Idex to acquire Abel Pumps from Hillenbrand 12 January 2021 Idex Corp has entered into a definitive agreement to acquire Abel Pumps LP from Hillenbrand Inc for US$103.5 million in cash. 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, which was acquired by Hillenbrand in 2015 from Roper Technologies, has annual sales of approximately US$34 million. Abel’s administration office and manufacturing plant are in...

Press release content from PR Newswire. The AP news staff was not involved in its creation. Hillenbrand Announces Definitive Agreement to Sell ABEL Pumps to IDEX Corporation January 11, 2021 GMT Hillenbrand - a global diversified industrial company. (PRNewsfoto/Hillenbrand, Inc.) BATESVILLE, Ind., Jan. 11, 2021 /PRNewswire/ -- Hillenbrand, Inc. (NYSE: HI) announced today that it has reached a definitive agreement to sell Abel Pumps, L.P., and certain of its affiliates (ABEL) to IDEX Corporation (NYSE: IEX). The sale follows Hillenbrand’s previously announced intent to exit the ABEL business...