Nordson to acquire Kreyenborg Group's polymer processing businesses
Mary Page Bailey
NordsonCorp. (Westlake, Ohio; www.nordson.com) announced it has entered into a definitive agreement to acquire Münster, Germany based Kreyenborg Group’s Kreyenborg GmbH and BKG Bruckmann & Kreyenborg Granuliertechnik GmbH companies. Material terms of the transaction are being provided in required regulatory filings. The transaction is expected to close within the next 60 days pending customary closing conditions and regulatory reviews.
The acquired companies broaden Nordson’s existing offering of screen changers, pumps and valves, critical components in the polymer processing melt stream for extrusion processes, and expand the product portfolio to include pelletizers, the key component in polymer compounding, recycling and related processes. The acquired companies employ approximately 270 people, have additional operations in Shanghai, China, Kuala Lumpur, Malaysia and Georgia, USA, and will operate as part of Nordson’s Adhesive Dispensing Systems segment. Revenues for fiscal year 2012 were approximately €62 million.