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(nordson) -- Nordson
Corporation announced it has entered into a definitive agreement to acquire
Chippewa Falls, Wisconsin-based EDI Holdings, Inc. (Extrusion Die Industries), a
leading provider of slot coating and flat polymer extrusion dies for plastic
processors and web converters.
The USD200 million purchase price, subject
to adjustment as provided in the purchase agreement, will be financed with
availability under an existing USD500 million revolving credit facility.
The transaction is expected to close during Nordson’s third quarter pending
customary closing conditions and regulatory reviews.
EDI
employs approximately 317 people, has additional operations in Cologne, Germany
and Shanghai, China, and will operate as part of Nordson’s Adhesive Dispensing
Systems segment. EDI’s operations include its March 2012 acquisition
of Premier Dies Corporation, a complementary provider of slot coating and flat
polymer extrusion dies that expands EDI’s product and technology offering.
Nordson expects the acquisition of EDI to be accretive to the company's earnings
in the first full year of operation. |
