WESTLAKE, USA: Nordson Corp. has entered an agreement to acquire Temse, Belgium-based Constructiewerkhuizen G. Verbruggen NV, a leading manufacturer of flat dies and coextrusion equipment for the multi-layer flexible packaging industry. The deal is expected to close within the next several days. Terms were not disclosed.
Verbruggen has current fiscal year estimated sales of €8 million, employs approximately 40 people, and will operate as part of Nordson’s Adhesive Dispensing Systems segment. Nordson expects the acquisition to be neutral to the company's earnings in the first full year of operation.
“Verbruggen provides Nordson an excellent entry into the flexible packaging market, and it is a natural complement to our existing leadership position in rigid packaging applications,” said Nordson president and CEO Michael F. Hilton. “Like Nordson, Verbruggen occupies a strategic place in the packaging supply chain, providing key value-added equipment to OEMs. The combination of Nordson’s global footprint and Verbruggen’s differentiated technology will enable us to capture multiple new opportunities as flexible packaging continues to grow worldwide.”
Flexible packaging includes bags, wraps and pouches and other containers made of single or multi-layered, easily yielding materials such as film, plastic, foil, or paper sheeting which are pliable when filled and sealed. Flexible packing is used in a wide variety of industries including food and beverage, health and beauty, pharmaceuticals and many others.