EXHIBIT 99.1



                  IDEX CORPORATION COMPLETES ACQUISITION OF EPI

NORTHBROOK, IL, MAY 2 -- IDEX CORPORATION (NYSE: IEX) today announced that it
has completed its previously-announced acquisition of Eastern Plastics,
Incorporated (EPI), a global leader in high-precision, integrated fluidics and
associated engineered plastics solutions. Based in Bristol, Connecticut, with
revenues of approximately $30 million, EPI's products are used in a broad set of
end markets including medical diagnostics, analytical instrumentation, and
laboratory automation. Terms of the transaction were not disclosed.

ABOUT IDEX

IDEX Corporation is the world leader in fluid-handling technologies for positive
displacement pumps and metering products, dispensing equipment for color
formulation, and other highly engineered products including fire suppression
equipment, rescue tools and engineered band clamping systems. Its products are
sold in niche markets to a wide range of industries throughout the world. IDEX
shares are traded on the New York Stock Exchange and Chicago Stock Exchange
under the symbol "IEX".