Nordson buys two Kreyenborg companies

US-based Nordson Corporation has acquired two of the five companies of German Kreyenborg Group that are involved in engineering, automation technology and software and based in Muenster. Managing Directors Jan-Udo Kreyenborg and Theodor Bruckmann have sold their shares of Kreyenborg GmbH, that manufactures screen changers and melt filters, and of BKG Bruckmann & Kreyenborg GmbH, which offers special processing technology to produce pellets.

They retired from the management of these companies. The two business managers Jan Hendrik Ostgathe and Ralf Simon, who have already been working for the companies as Managing Directors, will also constitute the management after the change in ownership of the company.

The realignment with the financially strong and in more than 30 countries operating mechanical engineering company Nordson from Westlake, Ohio is, according to Kreyenborg, necessary for long-term corporate security in worldwide heavily modified markets. In the long run, it says that a medium-sized manufacturer needs a “strong global presence to remain competitive with the big players, especially in Asia and North America.” As healthy companies (Kreyenborg and BKG) still had the chance to negotiate with the new owners and have been able to achieve a successful result, says Kreyenborg.

The acquired companies broaden Nordson’s existing offering of screen changers, pumps and valves, critical components in the polymer processing melt stream for extrusion processes, and expand the product portfolio to include pelletisers, the key component in polymer compounding, recycling and related processes. Both companies employ approximately 270 people, have additional operations in Shanghai, China, Kuala Lumpur, Malaysia, and Georgia, US, and will operate as part of Nordson’s Adhesive Dispensing Systems segment. Revenues for fiscal year 2012 were approximately EUR62 million. Nordson expects the acquisition to be accretive to its earnings in the first full year of operation.

The production facilities of the two companies at Coermuehle and at Hessenweg in Muenster have been long-term leased to Nordson for an initial term of 10 years.

Meanwhile, Kreyenborg group KPT, Kreyenborg Plant Technology GmbH & Co. KG, BLS Integration GmbH & Co. KG and BSG Bruckmann Control GmbH with 110 employees in Muenster and the Lower Rhine are not affected by the sale.

Established in 1954, Nordson is a family-embossed engineering company with over 5,000 employees and an annual turnover of US$1.5 billion. It also bought screw/barrel manufacturer Xaloy and sheet die producer EDI in 2012.


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