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IDEX COMPLETES PURCHASE OF ASSETS OF PULSAFEEDER

 IDEX COMPLETES PURCHASE OF ASSETS OF PULSAFEEDER
 NORTHBROOK, Ill., May 5 /PRNewswire/ -- IDEX Corp. (NYSE: IEX) today


announced that it has completed the previously announced purchase of the assets of the Pulsafeeder, Inc. subsidiary of Eagle Industries, Inc. Pulsafeeder, headquartered in Rochester, N.Y., is a manufacturer of specialty pumps, controls, and systems for the process industries and a variety of other markets, with annual sales of approximately $50 million. It has manufacturing operations in Rochester; Punta Gorda, Fla.; and Muskogee, Okla.
 Eagle Industries received $66 million in cash and 75,000 shares of IDEX common stock for the Pulsafeeder business. Donald N. Boyce, chairman and president of IDEX Corp., said that Pulsafeeder becomes the fifth business unit in its Fluid Handling Group and this acquisition significantly strengthens the company's position in this industry. In 1991, the Fluid Handling Group of IDEX accounted for approximately 60 percent of total sales of $228.2 million. The transaction is not expected to be dilutive but could add several cents in earnings per share in the first year of ownership.
 Eagle Industries, Inc., is a subsidiary of Great American Management and Investment, Inc., (NASDAQ: GAMI).
 IDEX Corp. is a manufacturer of a wide array of proprietary, highly engineered products, including industrial pumps, stainless steel banding and clamping devices, sheet metal fabricating equipment and tooling, automatic lubrication systems, low horsepower compressors, and vibration control equipment. Its products are sold to a broad range of markets, the largest of which are the chemical processing, transportation equipment, food processing, pulp and paper, and oil refining industries.
 -0- 5/5/92
 /CONTACT: Wayne P. Sayatovic of IDEX, 708-498-7070; or Nick Farina or Audrey Lowe of the Financial Relations Board (FRB) of Chicago, 312-266-7800; or Lillian Armstrong of FRB San Francisco, 415-986-1591/
 (IEX GAMI) CO: IDEX Corp.; Pulsafeeder, Inc. ST: Illinois, New York IN: SU: TNM


TQ -- NY082 -- 6649 05/05/92 14:28 EDT
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Publication:PR Newswire
Date:May 5, 1992
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