Standex International has sold its display merchandising business, Federal Industries, to AeriTek Global Holdings for an enterprise value of approximately $70 million. The Federal Industries unit, formerly part of the Specialty Solutions segment, designs and manufactures refrigerated, heated and dry merchandising display cases for foodservice and retail customers.

Federal Industries recorded net revenues of about $35.7 million in fiscal year 2025, contributing to Standex’s diversified revenue base. Standex plans to deploy the sale proceeds across organic growth initiatives, targeted inorganic acquisitions and repayment of outstanding debt.

The divestiture supports Standex’s portfolio simplification strategy and increases focus on larger, higher-growth end markets. Management anticipates that redeployed capital will accelerate expansion and improve financial flexibility in core business segments.