SEALANT EQUIPMENT & ENGINEERING HAS BEEN ACQUIRED BY NORDSON CORPORATION
Birmingham, Michigan – August 1, 2012 – Angle Advisors is pleased to announce that Nordson Corporation (“Nordson”) has acquired Sealant Equipment & Engineering, Inc. (“Sealant” or the “Company”).Angle Advisors acted as the exclusive investment banking advisor to Sealant in managing this transaction.
Based in Plymouth, Michigan, Sealant is a leader in the engineering and manufacturing of meter, mix, and dispense equipment and valves which apply 1-part, 2-part and 3-part adhesive, sealant and lubricating materials.
“Sealant Equipment & Engineering provides Nordson with 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 Chief Executive Officer Michael F. Hilton. “The Company is an excellent complement to Nordson’s existing cold material equipment offering. It also provides us with additional capability in a space we have previously highlighted as attractive, and fits our profile of providing customers with outstanding service and differentiated products which improve their processes and productivity. In addition, we see significant opportunities to leverage Nordson’s global infrastructure to grow the business beyond its current, largely North American footprint.”
Nick Schultz, President of Sealant added, “We are very pleased to have consummated this transaction with Nordson. The opportunity to offer Sealant’s current product portfolio through Nordson’s geographic reach will be of immediate benefit to both Sealant’s and Nordson’s current and future customers. Mr. Schultz continued, “We’d like to thank the team at Angle Advisors for managing this transaction on our behalf. Their knowledge of Sealant’s business, as well as their vast experience in completing transactions between private and publicly held entities, was invaluable.”
Nordson Corporation delivers precision technology solutions that help customers increase throughput, productivity and up-time, enable new products and features, and decrease material usage. The company engineers, manufactures and markets differentiated products and systems used for dispensing and processing adhesives, coatings, sealants, biomaterials and plastics, fluid management, test and inspection, UV curing and plasma surface treatment, all supported by application expertise and direct global sales and service. Nordson serves a wide variety of consumer non-durable, durable and technology end markets including packaging, nonwovens, electronics, medical, appliances, energy, transportation, construction, and general product assembly and finishing. Founded in 1954 and headquartered in Westlake, Ohio, Nordson has operations and support offices in more than 30 countries. For additional information, please visit www.nordson.com.
Angle Advisors, with offices in the United States, Germany, the United Kingdom, and China, specializes in a variety of industries including the vehicular and industrial sectors. The firm’s 32 professionals provide mergers and acquisitions, capital raising, and debt advisory services to multinational corporations, privately-held companies, private equity funds and public sector clients. For additional information, please visit www.angleadvisors.com.
Comentários