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

Image

Major packaging merger includes plastics operations

January 26, 2015 12:24 pm ET

A merger of packaging companies MeadWestvaco Corp. and Rock-Tenn Inc. will create a new company with nearly $16 billion in annual sales.    More

Image

J6 Polymers to buy Stepan unit

January 26, 2015 12:22 pm ET

NORTHFIELD, ILL. — Stepan Co. plans to sell its specialty polyurethanes systems business to J6 Polymers LLC in a cash deal.    More

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

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