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

W&H buys bigger stake in BSW

January 23, 2015 10:43 am ET

Windmoeller & Hoelscher KG will get more involved in flexible packaging machinery through its bigger stake in machinery maker BSW Machinery Handels-...    More

Image

Esterform buys Constar UK, doubles PET preform capacity

January 23, 2015 10:07 am ET

Constar UK, once part of global packaging firm Constar International Holdings LLC, has a new owner.    More

Image

Dielectric expands capability range with acquisition of Centerline Machine

January 22, 2015 4:00 pm ET

Dielectric Corp. of Menominee Falls, Wis., is expanding its ability to machine a wide range of materials and sizes with the acquisition of Centerline ...    More

Image

Next Generation Films investing $30 million in Ohio expansion

January 20, 2015 4:44 pm ET

Next Generation Films Inc. is betting $30 million on growth in specialty films.    More

Image

Gerd Liebig returns to Demag business

January 19, 2015 8:33 am ET

UPDATED — Gerd Liebig, the former head marketing manager of Engel Holding GmbH, has been appointed managing director-chief sales officer at Sumi...    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events