SALEM, NH -- Standex Int’l Corp., a multi-industry manufacturer in five business segments, announced Jan. 5 that it has closed on its acquisition of American Foodservice Co. (AFS), a food service equipment manufacturer with expertise in stainless steel, millwork and solid surface stonework, according to BusinessWire. The transaction was valued at approximately $9.3 million.

"We are excited to have closed the AFS acquisition and we look forward to completing the integration process," said Roger Fix, Standex president and CEO. "This acquisition represents an excellent strategic addition to our Food Service Group; AFS's custom manufacturing capabilities in stainless steel, millwork and stonework will add a complementary dimension to our product portfolio."

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