FTL bought by DEX Corporation

DEX Corporation has acquired FTL Seals Technology Limited (FTL), a company engaged in the design and application of high integrity rotary seals, specialty bearings, and other custom products for the oil and gas, mining, power generation, and marine markets.

Located in Leeds, FTL has annual revenues of approximately £15m. FTL will operate alongside Precision Polymer Engineering (PPE) and together these businesses will form the newly-created IDEX Sealing Solutions Platform.

PPE and FTL will continue to operate out of their Blackburn and Leeds facilities respectively.