CARCO ? PRECISION RUBBER PRODUCTS S.p.A. acquired Novotema S.p.A. from IDEX Corporation (NYSE:IEX) on December 29, 2023. As part of CARCO, Novotema will become the group's center of excellence for the production of elastomeric seals with injection and compression molding technologies.

CARCO ? PRECISION RUBBER PRODUCTS S.p.A. completed the acquisition of Novotema S.p.A. from IDEX Corporation (NYSE:IEX) for $8.3 million on December 29, 2023. As reported, IDEX Corporation received proceeds of $8.3 million, net of cash remitted.