MLX <MLXX> UNIT AGREES TO BY ABEX UNIT MLX Corp said a subsidiary has tentatively agreed to acquire a sintered friction materials business in Milan, Italy, from a unit of Abex Corp for undisclosed terms. The deal will close after obtaining Italian government approvals, expected in late April. The business, which will operated under the name S.K. Wellman, will become a member of MLX's specialty friction materials group. The business is a manufacturer of high-energy friction materials for heavy-duty transmissions and clutches.