Deal Details

Nordson Divests of Xaloy

Industrial

Nordson divestiture of Xaloy from PPS division of Altair

Summary

Nordson Corporation (“Nordson”) (NASDAQ-GS:NDSN) has completed the divestiture of Xaloy Superior Holdings, Inc. (“Xaloy” or the ”Company”) from its polymer processing systems (PPS) division to Altair Investments, Inc. (“Altair”). Terms of the transaction were not disclosed.

Baird served as the exclusive financial advisor to Nordson Corporation on this transaction.

About

Nordson engineers, manufactures and markets differentiated products and systems used for the precision dispensing of adhesives, coatings, sealants, biomaterials, polymers, plastics and other materials, 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 35 countries.

Xaloy is a leading global manufacturer of engineered plasticizing components for injection and extrusion machinery in the polymer processing industry. The Company’s comprehensive and technologically advanced product line includes bi-metallic barrels, engineered screws and front-end components such as nozzles and valves. Founded in 1929, Xaloy is headquartered in Austintown, Ohio.

Altair is a private equity firm focused on investing in niche manufacturing companies in the lower middle market. Its partners bring more than 35 years of global experience in the financial and manufacturing industries. Altair is headquartered in Chicago, Illinois.

Industrial

Nordson divestiture of Xaloy from PPS division of Altair