In regard to the purchase of the two German companies, "our immediate focus is to grow the Kreyenborg business by leveraging their technology...with... our recent acquisitions," Wilbum said, referring to EDI and Xaloy.
Nordson will also look to further expand Kreyenborg through both organic and inorganic methods as well, he said.
The deal is expected to close within the next two months. Kreyenborg officials couldn't be reached for comment.
Established in 1954, Nordson has operations in more than 30 countries. With a market capitalization of $4.77 billion, Nordson trades on Nasdaq under the ticker symbol, NDSN. On July 17, Nordson's stock closed at $74.31. It was trading at $74.25 midday Thursday.-- Written by Tatjana Kulkarni in New York
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