Nordson Corporation announced today that it has completed the acquisition of Xaloy Superior Holdings, a portfolio company of Industrial Growth Partners and a manufacturer of melt delivery components for injection and extrusion machinery.
Xaloy is a provider of highly engineered, function-critical plastic processing wear components and ancillary equipment used in injection and extrusion machinery in the plastic processing industry. Products include injection barrels, high performance screws, preassembled plasticating systems, heat transfer rolls, melt pumps, screen changers, pelletizers, and cleaning ovens. The company is based in New Castle, PA (www.xaloy.com).
Nordson Corporation engineers, manufactures and markets products and systems used for dispensing adhesives, coatings, sealants, biomaterials and other materials, fluid management, test and inspection, UV curing and plasma surface treatment. Nordson serves the consumer non-durable, durable and technology end markets including packaging, nonwovens, electronics, medical, appliances, energy, transportation, construction, and general product assembly and finishing. The company was founded in 1954 and is headquartered in Westlake, OH (www.nordson.com).
Industrial Growth Partners provides equity capital to lower-middle market manufacturing and manufacturing services companies with revenues of $30 million to $100 million. The firm invests equity in a range of transactions involving a change of ownership, such as management buyouts, leveraged buyouts, corporate divestitures, recapitalizations and management buy-ins. The firm is based in San Francisco, CA (www.igpequity.com).
