Nordson Corporation has acquired Plas-Pak Industries, Inc., a Norwich, Connecticut designer and manufacturer of injection molded, single-use plastic dispensing and packaging products including two-component (2K) cartridges for industrial and commercial do-it-yourself (DIY) adhesives, dial-a-dose calibrated syringes for veterinary and animal health applications, and specialty syringes for pesticide, dental and other markets.
Terms of the deal were not disclosed.
Founded in 1985, Plas-Pak Industries employs approximately 150 people and operates a 160,000 square foot, ISO 9001:2008 facility with significant capacity to accommodate future growth. Plas-Pak products are sold to a diverse customer base in which no single customer accounts for more than 8 percent of total revenue. The technology portfolio includes multiple proprietary and patented products. The company has averaged high single digit annual revenue growth over the last five years. Nordson will provide additional details on the transaction when it reports fiscal year 2017 first quarter results later this month.
Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces.
Jones Day has advised Plas-Pak Industries, Inc. in its acquisition with a team led by Lisa Lathrop.
Involved fees earner: Lisa Lathrop – Jones Day;
Law Firms: Jones Day;
Clients: Plas-Pak Industries, Inc.;