Standex International (SXI) says it has acquired privately held Metal Spinners Group, a U.K.-based metal fabrication supplier to the medical, general industrial and oil and gas markets in the U.S., U.K., and China. Metal Spinners Group will be joining Spincraft as a unit within SXI’s Engineering Technologies Group and is expected to provide the company with access to new end-user and geographic markets, as well as high-efficiency metal fabrication capabilities and a customer base that includes global leaders in the medical device industry. Terms of the transaction remain undisclosed. The acquisition was funded substantially with SXI's foreign cash on hand and is expected to become accretive to earnings during the first full year of ownership. Shares are up 0.71% to $35.30.