230706Zumbach Rayex S Online Ad 368x250pxEN

VM
en English arrow
de Deutsch
ch 中國
Tags

Guill multi productsbanner smartextrusion nosimple

SM 276 Webbanner 368x420px

New Issue

Extrusion 2-2024

19.03.2024

Extrusion 2-2024

EMP24 VMverlag 368x120 EN

CPS24 VMverlag 368x120 EN

368x120 SmartExtrusion 2024

Логотип сайта
Nordson to sell screws and barrels product line to Altair Investment

Nordson to sell screws and barrels product line to Altair Investment

News 16.12.2020

Nordson Corporation (Nasdaq: NDSN) entered into a definitive agreement to divest the screws and barrels product line from its polymer processing systems (PPS) division to Altair Investments (Altair). This divestiture represents a portfolio realignment consistent with Nordson’s strategy to drive profitable growth through highly differentiated products serving attractive end markets.

Sundaram Nagarajan, Nordson president and chief executive officer, said, “Using NBS Next, Nordson’s growth framework, we are focusing our resources on precision technology solutions that will deliver profitable growth for the company. Our screws and barrels product line is a respected market leader in the polymer processing industry. While this product line no longer fits Nordson’s strategic focus, we believe it will do well with Altair."

Generating over $70 million in annual revenue with 500 employees, this global product line has been reported in Nordson’s Industrial Precision Solutions segment. Nordson and Altair anticipate closing the transaction in the first quarter of fiscal 2021. They will work collectively to ensure a smooth transition with no disruption to customer service and support.

sm242x60

Extrusion 242 60

Extrusion-International 242x60

Our website makes use of cookies to ensure we give you the best experience on our website.
By continuing browsing on our website you give your consent to our use of cookies.