Nordson Corporation completes EDI Holdings deal

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Related tags: Stock market, Completeness

Nordson Corporation buy EDI Holdings for $200m
Nordson Corporation announced yesterday that it has completed the acquisition of EDI Holdings (Extrustion Dies Industries).

The agreement to acquire EDI for US$200m (€161m) was made in May with the purchase price subject to adjustment.

EDI provides slot coating and flat polymer extrusion dies for plastic processors and web converters and will operate in the adhesive dispensing systems segment.

Nordson are also awaiting approval of this month’s takeover of Xaloy Holdings, which will be integrated in the same division for the same price, if completed.

Earlier this month James R. Jaye, director of communications and investor relations at Nordson, told “We have identified flexible packaging and plastic processing as an attractive space for Nordson and we will continue to explore appropriate opportunities in this area.

“This space fits our profile and we see multiple opportunities to deliver value to customers and shareholders alike.

“At any given time, Nordson is reviewing numerous possibilities for adding to our portfolio. The timing of the availability of any potential acquisition is difficult to predict.​”

Related topics: Processing & Packaging

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