Nordson Corp. recently announced it has entered into a definitive agreement to acquire New Castle, PA-based Xaloy Superior Holdings Inc., a leading manufacturer of melt-delivery components for injection and extrusion machinery in the global plastic processing industry. The $200 million purchase price, subject to adjustment as provided in the purchase agreement, will be financed with available credit facilities. The transaction is expected to close during Nordson’s third quarter, pending customary closing conditions and regulatory reviews.
Xaloy has operations in the U.S., Germany and Thailand, and will reportedly operate as part of Nordson’s Adhesive Dispensing Systems segment. Nordson expects the acquisition of Xaloy to be accretive to the company’s earnings in the first full year of operation.