Nordson buys Kreyenborg's polymer-related companies

By Bill Bregar
Senior Staff Reporter

Published: July 18, 2013 12:22 pm ET
Updated: July 18, 2013 7:01 pm ET

Related to this story

Topics Mergers & Acquisitions, Machinery, Molds/Tooling

Nordson Corp. is continuing its acquisition spree into plastics-related equipment and components.

The Westlake, Ohio-based company announced July 18 that it will buy two sister companies in Germany — Kreyenborg GmbH, a maker of screen changers and melt filters, and pelletizer manufacturer BKG Bruckmann & Kreyenborg Granuliertechnik GmbH.

Both companies are part of the Kreyenborg Group in Münster, Germany. Nordson announced July 18 that it signed a definitive agreement to buy the companies. According to Kreyenborg, the sellers are managing directors Jan-Udo Kreyenborg and Theodor Bruckmann, who have retired from the management of these companies.

Jan Hendrik Ostgathe and Ralf Simon, who had been working for the companies as top executives, will also handle management after the change of ownership. Kreyenborg informed the 270 employees of the two Germany operations about the sale earlier in the day, before the public announcement.

Revenues for the Kreyenborg and BKG were about 62 million euros ($80 million) in 2012, according to Nordson.

In a financial filing, the Nasdaq-traded Nordson said it is paying 135 million euros ($175 million) for the companies. The deal is scheduled to close in the fourth quarter of Nordson's fiscal year, which ends Oct. 31.

The two new German businesses will operate as part of Nordson's Adhesive Dispensing Systems segment.

Nordson is a $1.4 billion manufacturer of equipment for adhesive dispensing, industrial coating and semiconductor technologies.

The Kreyenborg deal brings Nordson new capacity to make pelletizers, used to make resin pellets in compounding, recycling and related processes. Also, the acquisition broadens Nordson's existing offerings of screen changers, pumps and valves for extrusion of plastics.

Nordson officials are building a plastics platform, through last year's acquisition of Xaloy Inc. the maker of screws and barrels, and flat die maker Extrusion Dies Industries. In 2011, the company bought the Verbruggen flat die business in Belgium, and Value Plastics Inc., a Colorado molder of medical fittings.

"These [Kreyenborg] businesses are highly complementary to our other recent acquisitions in the polymer processing space and fit our strategy of providing our customers with high-value, mission-critical melt stream components that will enhance the performance of their systems," Nordson President and CEO Michael Hilton said in a prepared statement.

The businesses will strengthen Nordson's relationships with key European customers and expand the product offering, he said.

Kreyenborg said production facilities of the two companies in Münster have been leased to Nordson for an initial 10-year term.

The deal does not include three other businesses of Kreyenborg Group: KPT Kreyenborg Plant Technology GmbH & Co. KG, BLS Integration GmbH & Co. KG and BSG Bruckmann Control GmbH. Management and ownership of those units, which employ 110 people, will remain unchanged.


Comments

Nordson buys Kreyenborg's polymer-related companies

By Bill Bregar
Senior Staff Reporter

Published: July 18, 2013 12:22 pm ET
Updated: July 18, 2013 7:01 pm ET

Post Your Comments


Back to story


More stories

Negri Bossi's new owners may 'bring significant manufacturing' to US

April 16, 2014 1:09 pm ET

Italian plastics equipment major Negri Bossi may “bring significant manufacturing of injection molding machines back to the United...    More

Image

Polyair rebuilds from Sandy with help from Process Control

April 16, 2014 4:11 pm ET

Hurricane Sandy gutted Polyair Inter Pack Inc.'s Carlstadt, N.J., plant more than a year ago, and Brian Clawson won't soon forget the devastation.    More

New Tigre, ADS JV aims to open more doors for Tigre in US

April 16, 2014 12:15 pm ET

A new joint venture between Tigre S.A. Brazil, a leading PVC pipe maker, and Advanced Drainage Systems Inc., the world's largest high-density...    More

Indorama's purchase of Sasa to give wider access to multiple markets

April 16, 2014 10:07 am ET

PET maker Indorama Ventures Public Co. Ltd. is expanding in Turkey with the acquisition of a majority of Sasa Polyester Sanayi.    More

Associated Materials Group withdraws plan for initial public offering

April 16, 2014 10:16 am ET

Associated Materials Group Inc. of Cuyahoga Falls, Ohio, a manufacturer and distributor of exterior residential building products in the United States...    More

Market Reports

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

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

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