- Acquisition expands Nordson offering to global consumer goods packaging market
Nordson Corporation (Nasdaq: NDSN) today announced it has entered an agreement to acquire Temse, Belgium-based Constructiewerkhuizen G. Verbruggen NV, a leading manufacturer of flat dies and coextrusion equipment for the multi-layer flexible packaging industry. The deal is expected to close within the next several days. Terms were not disclosed.
Westlake, Ohio, USA – June 27, 2011 -
Verbruggen has current fiscal year estimated sales of €8 million, employs approximately 40 people, and will operate as part of Nordson’s Adhesive Dispensing Systems segment. Nordson expects the acquisition to be neutral to the company's earnings in the first full year of operation.
“Verbruggen provides Nordson an excellent entry into the flexible packaging market, and it is a natural complement to our existing leadership position in rigid packaging applications,” said Nordson President and CEO Michael F. Hilton. “Like Nordson, Verbruggen occupies a strategic place in the packaging supply chain, providing key value-added equipment to OEMs. The combination of Nordson’s global footprint and Verbruggen’s differentiated technology will enable us to capture multiple new opportunities as flexible packaging continues to grow worldwide.”
Flexible packaging includes bags, wraps and pouches and other containers made of single or multi-layered, easily yielding materials such as film, plastic, foil, or paper sheeting which are pliable when filled and sealed. Flexible packing is used in a wide variety of industries including food and beverage, health and beauty, pharmaceuticals and many others.
Nordson Corporation is one of the world’s leading producers of precision dispensing equipment that applies adhesives, sealants, powder and liquid coatings and other materials to a broad range of consumer and industrial products. The company also manufactures equipment used in the testing and inspection of electronic components as well as technology-based systems for curing and surface treatment processes. Headquartered in Westlake, Ohio, Nordson has direct operations and sales support offices in more than 30 countries. For more information, visit Nordson at www.nordson.com, www.twitter.com/Nordson_Corp, and www.facebook.com/Nordson.
# # #
James R. Jaye, Director, Communications & Investor Relations