Nordson Corp. is reorganizing into two business, led by their own executive vice presidents: Industrial Precision Solutions and Advanced Technology Solutions.
IPS will cover the polymer processing systems, with operations including Xaloy screws and barrels, EDI flat dies and BKG pelletizers and melt delivery systems.
Nordson, based in Westlake, Ohio, announced the move March 30. The realignment "will position the company for its next chapter of profitable growth," the company said.
President and CEO Sundaram Nagarajan also noted the coronavirus in his comments.
"Our executive leadership team has been meeting daily to manage our company's response to COVID-19," he said. "We are taking the right actions to protect the health and safety or our employees and meet the needs of our customers.
"While we remain focused on managing this dynamic situation, I am equally committed to moving this organization forward and making progress toward our long-term vision," he said. "The greatest opportunity for Nordson is profitable growth."
Nagarajan said the realignment "will make us more agile in accomplishing our long-term strategic priorities of accelerating organic growth, diversifying through acquisition, leveraging the Nordson business system and focusing on talent development."
Gregory Merk is the executive vice president of Industrial Precision Solutions. Jeffrey Pembroke is executive vice president heading Advanced Technology Solutions.
Nordson has been building up its medical manufacturing, which is in the ATS business. That includes manufacturers of single-use plastic molded syringes, cartridges, tips, fluid connection components, tubing, balloons and catheters. The company said Pembroke has played a key role in building the medical acquisition strategy.
Nordson also named Stephen Lovasse to lead a newly formed Strategic and Corporate Development Group.
Nordson, which is traded on the Nasdaq, will report second quarter results on May 20.