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

China's biggest fuel tank maker getting a US foothold

April 23, 2014 4:41 pm ET

The majority owner of China's biggest fuel tank maker is expanding its global automotive footprint with the acquisition of the fuel tank unit of...    More

Image

CPM Extrusion, ECON launch new line of underwater pelletizers

April 23, 2014 11:25 am ET

CPM Extrusion Group and ECON GmbH unveiled their brand new EUPC line of underwater pelletizers today at ChinaPlas held in Shanghai, China.    More

Image

How CEO Santi is changing ITW

April 23, 2014 2:48 pm ET

Scott Santi is showing he can do more than just cut costs at Illinois Tool Works Inc.    More

Image

TSM growing into a second generation of leadership

April 23, 2014 12:50 pm ET

This is a time of great growth for the Dundalk, Ireland-based TSM Control Systems, a company that has created a name for itself since 1977 by...    More

Quality Vision buys ShapeGrabber

April 23, 2014 10:19 am ET

Quality Vision International Inc. of Rochester, N.Y., has purchased ShapeGrabber Inc., a maker of automated three-dimensional scanners, in a deal anno...    More

Market Reports

Market Data Book - Rankings & Lists

A one-stop download of Plastic News' exclusive annual lists and processor rankings containing essential data including sales, employees, end markets, materials and more.
EXCLUSIVE EXCEL FEATURE: full mailing address details for available plant locations.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Mold Making and Tooling Review and Outlook 2014 North America

This report provides in-depth analysis of the mold and toolmaking market for North America, including discussions of trends, opportunities, threats, the latest developments in production and labor and equipment trends impacting moldmakers.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

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

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events