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Nordson sales up 6% with demand up for testing, medical markets

Nordson sales up 6% with demand up for testing, medical markets
rubbernews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rubbernews.com Daily Mail and Mail on Sunday newspapers.

United statesSundaram nagarajanNordson corpTechnology solutionsAltair investments incIndustrial precision solutionsAdvanced technology solutionsNordson presidentAltair investmentsஒன்றுபட்டது மாநிலங்களில்சுந்தரம் நாகராஜன்தொழில்நுட்பம் தீர்வுகள்பலிபீடம் முதலீடுகள் இன்க்தொழில்துறை ப்ரிஸிஶந் தீர்வுகள்பலிபீடம் முதலீடுகள்

Nordson sales up 6% with demand up for testing, medical markets

Nordson sales up 6% with demand up for testing, medical markets
plasticsnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from plasticsnews.com Daily Mail and Mail on Sunday newspapers.

United statesSundaram nagarajanTechnology solutionsNordson corpAltair investments incIndustrial precision solutionsOhio based nordsonAdvanced technology solutionsNordson presidentAltair investmentsஒன்றுபட்டது மாநிலங்களில்சுந்தரம் நாகராஜன்தொழில்நுட்பம் தீர்வுகள்பலிபீடம் முதலீடுகள் இன்க்தொழில்துறை ப்ரிஸிஶந் தீர்வுகள்பலிபீடம் முதலீடுகள்

Nordson Corporation Announces Close of Screws and Barrels Product Line Divestiture

Press release content from Business Wire. The AP news staff was not involved in its creation. Nordson Corporation Announces Close of Screws and Barrels Product Line Divestiture February 1, 2021 GMT WESTLAKE, Ohio (BUSINESS WIRE) Feb 1, 2021 Nordson Corporation (Nasdaq: NDSN) today announced that it has closed the divestiture of the screws and barrels product line from its polymer processing systems (PPS) division to Altair Investments (Altair). Nordson and Altair signed a definitive agreement on December 3, 2020, for the sale of the screws and barrels product line. Generating more than $70 million in annual revenue with 500 employees, this global product line had been reported in Nordson’s Industrial Precision Solutions segment. This strategic portfolio transaction will improve the company’s ongoing earnings.

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New CEO named for screw and barrel producer Xaloy

New CEO named for screw and barrel producer Xaloy Print Kamal K. Tiwari, the operating partner of Chicago-based Altair Investments Inc., has been named CEO of Xaloy Holdings LLC, a nearly century-old manufacturer of screws, barrels and components for injection molding and extrusion machinery. Altair acquired Xaloy s manufacturing plants in Austintown, Ohio; Pulaski, Va.; and Chonburi, Thailand, as well as numerous sales offices from Westlake, Ohio-based Nordson Corp. in December. The product line dates back to 1929 and generated more than $70 million in annual sales with 500 employees. The companies announced completion of the sale Feb. 1, followed by Tiwari s new position on Feb. 2.

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Nordson says Xaloy sale took strategic discipline

Nordson says Xaloy sale took strategic discipline Nagarajan The Xaloy brand of screws and barrels garnered a lot of respect after 91 years in the market with products that pioneered the use of bimetallic materials to improve the performance of a wide range of plastic processing equipment. But the Xaloy line didn t meet a new internal portfolio review platform set up by Westlake, Ohio-based Nordson Corp., which is selling the business unit to the Chicago-based private equity firm Altair Investments Inc. Our decision to divest the screws and barrels product line was based on critical insight gained from this data-driven segmentation approach. Realigning our portfolio is another step forward to position Nordson for long-term profitable growth, Nordson CEO Sundaram Nagarajan said in a Dec. 15 fourth-quarter conference call.

United statesSundaram nagarajanTechnology solutionsNordson corpAltair investments incIndustrial precision solutionsOhio based nordson corpAltair investmentsAdvanced technology solutionsஒன்றுபட்டது மாநிலங்களில்சுந்தரம் நாகராஜன்தொழில்நுட்பம் தீர்வுகள்பலிபீடம் முதலீடுகள் இன்க்தொழில்துறை ப்ரிஸிஶந் தீர்வுகள்பலிபீடம் முதலீடுகள்