Verbruggen has current fiscal year estimated sales of €8m, employs approximately 40 people, and will operate as part of Nordson’s Adhesive Dispensing Systems segment. Nordson expects the acquisition to be neutral to the company’s earnings in the first full year of operation.
“Verbruggen provides Nordson an excellent entry into the flexible packaging market, and it’s a natural complement to our existing leadership position in rigid packaging applications,” said Nordson president and CEO Michael F Hilton. “Like Nordson, Verbruggen occupies a strategic place in the packaging supply chain, providing key value-added equipment to OEMs. 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.”
Source: Nordson Corporation
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