The facility will create 29 R&D and manufacturing jobs after it opens early next year; the company's goal is to become a pioneer of sustainable solutions.
Westlake, Ohio-based Nordson Corp., a maker of dispensing equipment for consumer and industrial adhesives, sealants and coatings, said it will reorganize into three financial reporting segments effective Aug. 1.
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.