NORDSON
US precision dispenser agrees to acquire melt delivery components producer Xaloy / Latest in a string of acquisitions
The expansion track continues at US precision dispension company Nordson (Westlake, Ohio / USA; www.nordson.com). After forking out USD 200m in late May to acquire Extrusion Die Industries (EDI, Chippewa Falls, Wisconsin / USA; www.extrusiondies.com) – see Plasteurope.com of 25.05.2012 – the Westlake-based company in early June said it had reached a definite agreement to acquire melt delivery components producer Xaloy Superior Holdings (New Castle, Pennsylvania / USA; www.xaloy.com). Also valued at USD 200m, the deal is expected to go through in Nordson’s Q3, pending the relevant regulatory approval.

Once the agreement goes through, Xaloy will operate as part of Nordson’s Adhesive Dispending Systems segment. With operations in the US, Germany and Thailand, the New Castle-based company’s portfolio includes bi-metallic barrels, engineered screws, melt pumps, screen changers, heat transfer rolls, valves and nozzles as well as jet cleaners and pelletisers – all designed to serve the plastics melt stream.

Commenting on the purchase, Nordson CEO Michael Hilton said, “By adding this capability to our recent extrusion die product line acquisitions, Nordson now brings the industry a truly unique offering that combines the critical elements of both material flow and dispensing.” The acquisition is expected to be accretive to Nordson’s earnings in the first full year of operation.
12.06.2012 Plasteurope.com [222528-0]
Published on 12.06.2012
Nordson: US-Maschinenbauer übernimmt XaloyGerman version of this article...

© 2001-2024 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2024 by Plasteurope.com, Bad Homburg
Date of print: 15.11.2024 02:44:12   (Ref: 791233716)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp