Nordson Corp., maker of industrial coatings equipment, has announced the acquisition of Sealant Equipment & Engineering.
SE&E, based in Plymouth, MI, makes metering, mixing and dispensing equipment and valves. The equipment is used to apply one-, two- and three-component adhesive, sealant and lubricating materials, primarily in the polyurethane industry.
|Nordson supplies dispensing equipment for industrial liquid and powder coatings, adhesives, and sealants; test and inspection equipment; and curing and surface preparation systems.|
The purchase will bring SE&E into Nordson’s Industrial Coating Systems segment.
Terms of the deal were not released.
Push into Plastics
The acquisition furthers Nordson’s push into plastics-related businesses.
Based in Westlake, OH, Nordson is a global supplier of precision dispensing equipment for applying industrial liquid and powder coatings, adhesives, and sealants to numerous consumer and industrial products during manufacturing operations. The company also manufactures test and inspection equipment and curing and surface preparation systems.
The acquisition gives Nordson “a broader presence in the cold materials equipment market and focuses on a wide variety of general industry applications, including aerospace and transportation, building and construction, medical, alternative energy and many others,” said Nordson President and CEO Michael Hilton.
The acquisition is also aimed at extending Nordson’s global reach. Although the company operates in more than 30 countries, most of its footprint is in North America.
SE&E employs 60 people and had sales of $18 million for the year ended June 30, according to Nordson. Nordson reported 2011 sales of $1.2 billion.
Nordson’s move to build a plastics group began last year when it acquired both a Belgian flat-die maker and Value Plastics Inc. of Fort Collins, CO.
Earlier this summer, Nordson bought screw and barrel maker Xaloy Inc. and flat-die builder Extrusion Dies Industries Inc. In June, Hilton told analysts that the company was looking for additional acquisition targets.