Nordson Corporation acquires Value Plastics
Value Plastics, manufacturer of plastic tubing connectors, has been acquired by Nordson Corporation, which produces precision dispensing equipment that applies adhesives, sealants, coatings, and other materials in a broad range of manufacturing processes. Value Plastics will operate within Nordson’s Advanced Technology Systems segment, where Nordson serves the healthcare industry with expertise in a variety of applications including biomaterial dispensing, dental molding, glucose test strip production, and catheter, stent, and pacemaker assembly. Nordson has direct operations and sales support offices in more than 30 countries.
Value Plastics says it will leverage Nordson’s global presence to provide additional capabilities, products, and services that will benefit its customers. “This is an excellent fit for our organization given Nordson’s forward-looking approach, commitment to operational efficiency and continuous improvement, and global footprint,” says Bruce Williams, president of Value Plastics. “We look forward to leveraging their established sales channels into various industrial markets and also believe that Nordson will help strengthen our position as the preferred component supplier to the healthcare industry.”
Nordson’s President and CEO Michael F. Hilton notes that Value Plastics has generated outstanding growth over an extended period by providing differentiated, single-use, precision molded plastic components that are delivered through a highly efficient sales process and supported by exceptional customer service. “In addition, Value Plastics supports Nordson’s strategic objective of building upon our medical and life sciences platform and complements our existing growing positions in biomaterial delivery devices and medical device assembly. Value Plastics is an ideal addition to the Nordson portfolio, where our global reach and infrastructure will provide opportunities to leverage the business’ profitable growth beyond its primary domestic markets served and into general industrial markets.”
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