IDEX acquires Advanced Thin Films

By Michael Oneal
Posted Jan. 20 at 8:08 a.m.

Lake Forest-based IDEX Corp., which makes the “Jaws of Life” rescue device, announced its second acquisition of the month Thursday when it said it will spend $32 million to buy Advanced Thin Films LLC, a maker of optical components and coatings based in Boulder, Colo.

AT Films, which has about $9 million in revenue, will expand IDEX’s optical business, a company release said.
The Boulder company makes filters, splitters, reflectors and mirrors with the precise physical properties. It has customers in the fields of scientific research, defense, aerospace, telecommunications and electronics manufacturing.

On Jan. 11, IDEX said it had acquired Microfluidics International Corp., based in Newton, MA., for $1.35 a share, or around $14.4 million based on the latest tally of shares outstanding.

Microfluidics makes laboratory and commercial equipment used in the production of micro and nano scale materials for the pharmaceutical and chemical markets.

IDEX, which had about $1.3 billion in sales in 2009, is an applied technologies company specializing in fluid and metering technologies, health and science technologies, dispensing equipment, and fire and safety products. It’s Jaws of Life rescue equipment is used to pry car wreck victims out of their vehicles.

At Wednesday’s close of $39.34, IDEX stock is trading nears its 52-week high of $40.29 a share. The stock has shot up close to 50 percent since last July.

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