Standex Expands With Acquisition Of Ultrafryer Systems

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STANDEX EXPANDS PRESENCE IN FOOD SERVICE CHAIN FRYER SEGMENT WITH ACQUISITION OF ULTRAFRYER SYSTEMS

SALEM, NH – June 23, 2014 . . . . Standex International Corporation (NYSE:SXI) announced today that it has acquired San Antonio-based Ultrafryer Systems®, a leading producer of commercial deep fryers for restaurant and commercial installations.

“I am pleased to welcome Ultrafryer to Standex,” said David Dunbar, CEO of Standex. “The company is highly regarded for the performance and quality of their products, which complement our product line and allow us to provide broader solutions to restaurant chains and commercial food service installations. In addition, Standex brings a broader global supply chain to support the Ultrafryer products. I have been impressed with the management team and look forward to working together with them.”

“This acquisition is a big step in moving Standex into the food service chain fryer segment and complements many of FSEG’s current fryer product offerings within the grocery retail segment,” said John Abbott, Group Vice President, Food Service Equipment Group. “The heavy-duty, reliable, high-efficiency fryer solution offered by Ultrafryer serves many leading chains that utilize frying as their core cooking process. These include major chicken restaurant chains and other high volume fast food chains in the U.S. and internationally. As we sharpen our focus on attractive segments with growth potential, we look forward to introducing Ultrafryer’s product line to our other Food Service Chain customers and to our dealer network.

About Ultrafryer

Headquartered in San Antonio, Texas, Ultrafryer Systems produces commercial deep fryers for restaurant and commercial installations. Its high-efficiency, commercial fryers produce foods such as fried chicken, french fries, wings, fish and more. Known for excellent shortening management, fuel savings and quick recovery times, these restaurant fryers provide solutions to chains’ energy cost challenges.   Ultrafryer.com

About Standex

Standex International Corporation is a multi-industry manufacturer in five broad business segments: Food Service Equipment Group, Engineering Technologies Group, Engraving Group, Electronics Products Group, and Hydraulics Products Group with operations in the United States, Europe, Canada, Australia, Singapore, Mexico, Brazil, Argentina, Turkey, South Africa, India and China. For additional information, visit the Company's website at: http://www.standex.com

Contact:
Standex
Thomas DeByle, 603-893-9701
CFO
InvestorRelations@Standex.com