Business
STANDEX ANNOUNCES DIVESTITURE OF FEDERAL INDUSTRIES TO AERITEK
Standex International Corporation (NYSE:SXI) announced today that it has divested Federal Industries, its display merchandising business, to AeriTek Global Holdings LLC ("Aeritek"), a portfolio company of Mill Point Capital - a leading private equity firm, at an enterprise value of approximately $70 million. The Federal Industries business was previously part of the Specialty Solutions segment. In fiscal year 2025, Federal Industries' net revenues were approximately $35.7 million.
About this update from Standex International Corporation
[{"type":"list","items":[{"val":[{"type":"text","content":"Divestiture supports continued simplification of portfolio ","length":58,"tagName":"p"}]},{"val":[{"type":"text","content":"Enables greater focus on larger businesses and fast growth end market opportunities","length":83,"tagName":"p"}]},{"val":[{"type":"text","content":"Proceeds to be used towards organic and inorganic initiatives and debt repayment ","length":80,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":221,"olType":false},{"type":"text","content":"SALEM, N.H., March 9, 2026 /PRNewswire/ -- Standex International Corporation (NYSE:SXI) announced today that it has divested Federal Industries, its display merchandising business, to AeriTek Global Holdings LLC ("Aeritek"), a portfolio company of Mill Point Capital - a leading private equity firm, at an enterprise value of approximately $70 million. The Federal Industries business was previously part of the Specialty Solutions segment. In fiscal year 2025, Federal Industries' net revenues were approximately $35.7 million.","length":542,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Standex International Corp...)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Standex International Corp...)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":110,"url":"https://media.zenfs.com/en/prnewswire.com/f33999a7c61f8a7312acb7b32563929b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/zckUmwGz1I3c5zSX1xOAXA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE5NDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/f33999a7c61f8a7312acb7b32563929b","width":400,"height":110}},"href":"https://mma.prnewswire.com/media/952883/Standex_International_LogoV1.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""We are pleased to announce the sale of our Federal Industries business to AeriTek," said Standex President & CEO David Dunbar. AeriTek is a leading manufacturer of commercial refrigeration and food service equipment. We believe AeriTek is well positioned to enable the Federal business to grow and reach its strategic potential. I would like to thank our Federal Industries colleagues for their 40 years of contributions to Standex and wish them much success as they start a new chapter for the business."","length":530,"tagName":"p"},{"type":"text","co...