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Nordson Corp Acquires EDI Holdings to Expand in Flexible Packaging & Plastic Processing Markets

May 24/2012

(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 Nordsons 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 Nordsons Adhesive Dispensing Systems segment.   EDIs operations include its March 2012 acquisition of Premier Dies Corporation, a complementary provider of slot coating and flat polymer extrusion dies that expands EDIs 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.
Author:Anna Larionova
Tags:coating, packaging, Nord, Polymer, Slot.
Category:General News
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