Nordson Corp. acquires EDI


Nordson Corp. said it will acquire extrusion-dies producer EDI Holdings Inc. for $200 million as it seeks to expand its presence and offerings in the flexible packaging and plastic processor markets.

Publicly traded Nordson, which makes precision dispensing machines for the manufacturing of consumer goods, stated it anticipates the transaction will close in its third quarter and expects the acquisition of EDI to be accretive to the company's earnings in the first full year of operation.

EDI Holdings, also known as Extrusion Die Industries, based in Chippewa Falls, WI, employs approximately 317 people, with additional operations in Cologne, Germany and Shanghai, China. The company will now operate as part of Nordson's adhesive dispensing systems segment.
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