IDEX acquires material processing solution provider
LAKE FOREST, Ill. — IDEX Corp. announced Friday that it has acquired Matcon Group, a provider of material processing solutions for high value powders utilized in the production of fine chemicals, plastics, food and pharmaceuticals.
Matcon’s products include the original cone valve powder discharge system and filling, mixing and packaging systems.
Located in Evesham, Worcestershire, England, with sales offices in locations throughout the world, Matcon has a global customer base with a strong emphasis on the fast growing food and pharmaceutical markets in Asia.
“We are extremely pleased with the opportunity to add Matcon to the Material Processing Technologies platform of our Health and Science Technologies Segment,” said IDEX Chairman and CEO Andrew Silvernail. “Matcon is a perfect fit for the platform and will join Quadro Engineering, Fitzpatrick and Microfluidics in one of our fastest growing market segments. Matcon provides not only key technologies, such as their cone valve, but also increases the visibility of sales opportunities throughout our Material Processing Technologies platform. We look forward to significant collaboration as we seek to obtain greater velocity in our geographic expansion strategy, capitalizing on Matcon’s very strong presence in the growing Asian food and pharmaceutical markets. Matcon provides IDEX Health and Science a unique opportunity to strengthen our product offering for current customers as well as providing access to new and influential market participants.”