Zinc Shot is a very common Metal Abrasive used on Aluminium die casting parts and Zinc die casting parts. Zinc shot has a similar density but lower hardness. It could clean the surface of some soft casting parts without any damage while steel shot can not. Compared with aluminium, it is heavier and safer when shot blasting. Benefit from these advantages, Zinc shot is widely used in metal casting industry for surface treatment.
Longlived Zinc Shot is made from high qiality zinc wire by drawing, cutting and rounding. There are five shapes of Longlived Zinc Shot and they are as cut, G1, G2, G3 and even G4. The size is from 0.25mm-3.0mm. Of course, customize is available according to your requirement.
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Idex stated that its acquisition offer has a valuation of Microfluidics at $1.35 per share, a premium of 69% over the stock's weighted average closing price over the past 30 days.
Microfluidics is headquartered in Newton, Mass., with revenue of $16 million in 2009.
This cash transaction is expected to be completed in the first quarter.
Idex is headquartered in Lake Forest, Illinois, producing Jaws of Life rescue equipment and other products. The company expects the acquisition will drive its earnings growth in 2011.
As part of this transaction, a division of biotechnology company Celgene Corp (CELG) will sell $5 million of Microfluidics bonds to Idex, which can be converted to approximately 28% of Microfluidics's shares. Celgene will also cancel all outbound Microfluidics stock warrants. Microfluidics' directors and executives have agreed to pre-subscribe their stocks, including Microfluidics founder Irwin Gruverman, who owns about 16% of the company's shares.
Idex Acquires Microfluidics, a Chemical Equipment Manufacturer
On the early morning of January 12, Idex Corp (IEX) announced that it will acquire Microfluidics International Corp, a manufacturer of pharmaceutical and chemical material manufacturing equipment.