Nordson continues buying spree in the US
US firm Nordson Corp. has bought Sealant Equipment & Engineering, which makes metering, mixing and dispensing equipment and valves. Nordson had also earlier in the year purchased screw/barrel maker Xaloy and die maker Extrusion Dies Industries.
Sealant’s equipment is used to apply one to three-component adhesive, sealant and lubricating materials, mainly for the PU industry. It had sales of US$18 million for the year ended 30 June and will operate as part of Nordson’s Industrial Coating Systems segment.
Nordson says the purchase will provide it a broader presence in the cold materials equipment market and focus on a wide variety of general industry applications including aerospace and transportation, building and construction, medical, alternative energy and others.
Nordson makes products and systems used for dispensing and processing adhesives, coatings, sealants, biomaterials and plastics, fluid management, test and inspection, UV curing and plasma surface treatment.
In its entry into the plastics sector, the public-listed firm last year bought Belgian flat-die maker Constructiewerkhuizen G. Verbruggen and injection moulder of single-use medical fittings Value Plastics, followed by its acquisitions this year.
Nordson had sales of US$1.2 billion in 2011.