Nordson Corporation looks acquire flexible packaging equipment manufacturer Verbruggen to expand its global consumer goods packaging market.
July 27, 2011
by Canadian Packaging Staff
Nordson Corporation, headquartered in Westlake, OH, has entered into an agreement to acquire Temse, Belgium-based Constructiewerkhuizen G. Verbruggen NV, a leading manufacturer of flat dies and coextrusion equipment for the multi-layer flexible packaging industry. The deal is expected to close within the next several days. Terms were not disclosed.
Verbruggen has current fiscal year estimated sales of €8 million (Cdn $10.9-million), employs approximately 40 people, and will operate as part of Nordson’s Adhesive Dispensing Systems segment.
“Verbruggen provides Nordson an excellent entry into the flexible packaging market, and it is a natural complement to our existing leadership position in rigid packaging applications,” explains Nordson president and chief executive officer Michael F. Hilton.
“Like Nordson, Verbruggen occupies a strategic place in the packaging supply chain, providing key value-added equipment to OEMs,” he continues. “The combination of Nordson’s global footprint and Verbruggen’s differentiated technology will enable us to capture multiple new opportunities as flexible packaging continues to grow worldwide.”
Flexible packaging includes bags, wraps and pouches and other containers made of single or multi-layered, easily yielding materials such as film, plastic, foil, or paper sheeting which are pliable when filled and sealed. Flexible packing is used in a wide variety of industries including food and beverage, health and beauty, pharmaceuticals and many others.
Nordson also recently purchased Value Plastics: READ.
Nordson Corporation is one of the world’s leading producers of precision dispensing equipment that applies adhesives, sealants, powder and liquid coatings and other materials to a broad range of consumer and industrial products. The company also manufactures equipment used in the testing and inspection of electronic components as well as technology-based systems for curing and surface treatment processes. Headquartered in Westlake, Ohio, Nordson has direct operations and sales support offices in more than 30 countries.
For more information, visit Nordson at www.nordson.com.