Nordson buys Sealant Equipment & Engineering

Published: September 4, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Film & Sheet, Machinery

WESTLAKE, OHIO (Sept. 4, 12:45 p.m. ET) — Nordson Corp. has bought Plymouth, Mich.-based Sealant Equipment & Engineering Inc., which makes metering, mixing and dispensing equipment and valves. The equipment is used to apply one-, two- and three-component adhesive, sealant and lubricating materials, with the polyurethane industry being a major customer.

The purchase continues Westlake-based Nordson’s push into plastics-related businesses. The companies did not reveal terms of the transaction.

Nordson said the SE&E business had sales of $18 million for the year ended June 30, and employs 60. In future it will operate as part of Nordson’s Industrial Coating Systems segment.

“Sealant Equipment & Engineering provides Nordson with a broader presence in the cold materials equipment market and focuses on a wide variety of general industry applications including aerospace and transportation, building and construction, medical, alternative energy and many others,” said Nordson President and CEO Michael Hilton, in a news release.

Hilton said SE&E is “an excellent complement to Nordson’s existing cold material equipment offering,” adding that it also adds additional capability in a segment the group sees as attractive.

Nordson also sees the chance to exploit its global infrastructure “to grow the business beyond its current, largely North American footprint.”

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.

Nordson bought screw and barrel maker Xaloy Inc. and flat-die builder Extrusion Dies Industries Inc. earlier this summer, and Hilton told analysts on June 26 that the company was looking for additional acquisition targets.

“We like the base business, the organic growth prospects. But there is also potential to add to our portfolio in this space as the strategy gets fully integrated and we have opportunities there,” Hilton said in a conference call.

Nordson’s move to build a plastics group began last year. The company bought a Belgian flat-die maker, Constructiewerkhuizen G. Verbruggen NV. Nordson also bought Value Plastics Inc., an injection molder of single-use medical fittings in Fort Collins, Colo.

Nordson is traded publicly traded on Nasdaq and reported 2011 sales of $1.2 billion.


Comments

Nordson buys Sealant Equipment & Engineering

Published: September 4, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Optical disc molder OEM getting into micromolding with acquisition of CDA

August 29, 2014 11:24 am ET

Optical disc replicator and molder Optical Experts Manufacturing Inc. of Charlotte, N.C., has expanded its core business and entered new high...    More

Image

Haitian's standardization efforts paying off

August 29, 2014 9:53 am ET

Streamlined design efforts and robust export sales helped propel Ningbo, China-based injection molding machine manufacturer Haitian International...    More

Image

Tighter resin prices leading to price hike for PE film

August 29, 2014 11:13 am ET

One of North America's largest film makers is pushing through a polyethylene price increase due, in part, to the tight resin market.    More

Image

American Starlinger-Sahm begins work on new US headquarters

August 29, 2014 10:18 am ET

American Starlinger-Sahm Inc., which sells equipment for woven plastic bag production, PET recycling equipment, sheet extrusion and laminating lines...    More

Polish injection molder Teknorubber up for sale

August 29, 2014 9:14 am ET

Polish plastic parts maker Teknorubber has been put up for sale following its insolvency filing in March 2014. The company is to be auctioned through ...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events