Westlake, Ohio, USA – June 14, 2010 - Nordson Corporation (Nasdaq: NDSN) today announced that it has entered into an agreement for the divestiture of its graphic arts related UV curing business to Baldwin Technology Company, Inc. of Shelton, Connecticut. The operating results and net assets of the divested business are immaterial to the consolidated results and financial position of Nordson. Terms of the deal were not disclosed.
The transaction does not affect Nordson’s UV curing business related to industrial applications, where the company remains a market leader.
“From a strategic perspective, Nordson does not currently have a long-term focus on the end markets served by the graphic arts UV curing business,” said Nordson President and CEO Michael F. Hilton. “Exiting this business will allow Nordson to concentrate more fully on delivering value to our customers and shareholders through our core precision technology solutions.”
Nordson’s UV curing business for graphic arts has approximately eighty employees and is headquartered in Slough, Berkshire, England with an additional office in Easton, Pennsylvania. The business also includes products sold under the Primarc and Horizon brand names. The business’ results were previously reported as part of Nordson’s Advanced Technology Systems segment.
Baldwin Technology Company, Inc. (NYSE Amex: BLD) is a leading international supplier of process automation equipment and related consumables for the printing and publishing industries. Baldwin offers its customers a broad range of market-leading technologies, products and systems that enhance the quality of printed products and improve the economic and environmental efficiency of the printing process. Headquartered in Shelton, Connecticut, the Company has operations strategically located in the major print markets and distributes its products via a global sales and service infrastructure.
Nordson Corporation (NASDAQ: NDSN) is a leading producer of precision dispensing equipment that applies adhesives, sealants, liquid and powder coatings and other materials to a broad range of consumer and industrial products during manufacturing operations. 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.
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