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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.
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.
Primary Urgent Care appoints new medical director
Observer-Dispatch
Juleen Qandah as its new medical director.
In her new role, Qandah will provide medical direction and administration to Primary Urgent Care s clinics in Utica and Herkimer.
Qandah is a board-certified emergency physician. She earned a doctor of osteopathic medicine degree from Midwestern University, Arizona College of Osteopathic Medicine, and a bachelor’s degree in biology from Siena College. Prior to joining Primary Urgent care, Qandah was affiliated with MVHS Medical Group as the medical director for Faxton Urgent Care in Utica.
Primary Urgent Care is locally owned and operated. Each clinic is fully equipped with high-tech x-ray and lab equipment to provide quality medical care for non-life-threatening illnesses and injuries. It is opened 7:30 a.m. to 7:30 p.m. daily. For information, visit PrimaryUrgentCare.com.