M&A Deal Summary

Nordson Acquires Xaloy

On June 21, 2012, Nordson acquired plastics company Xaloy from Industrial Growth Partners for 200M USD

Acquisition Highlights
  • This is Nordson’s 1st transaction in the Plastics sector.
  • This is Nordson’s 9th largest (disclosed) transaction.
  • This is Nordson’s 13th transaction in the United States.
  • This is Nordson’s 3rd transaction in Pennsylvania.

M&A Deal Summary

Date 2012-06-21
Target Xaloy
Sector Plastics
Buyer(s) Nordson
Sellers(s) Industrial Growth Partners
Deal Type Add-on Acquisition
Deal Value 200M USD
Advisor(s) Lincoln International (Financial)

Target

Xaloy

New Castle, Pennsylvania, United States
website
Xaloy is the manufacturer of plastification units and components. These components are used in plastic injection molding and extrusion processing machinery sold to original equipment manufacturers and in the aftermarket to plastic processors.

Search 192,723 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Nordson

Westlake, Ohio, United States

website


Category Company
Founded 1935
Sector Machinery
Employees7,100
Revenue 2.6B USD (2022)
DESCRIPTION

Nordson delivers precision technology solutions to help customers succeed worldwide. The company engineers, manufactures and markets differentiated products and systems used for dispensing adhesives, coatings, sealants, biomaterials and other materials, fluid management, test and inspection, UV curing and plasma surface treatment, all supported by application expertise and direct global sales and service. Nordson was founded in 1935 and is based in Westlake, Ohio.


DEAL STATS #
Overall 17 of 36
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 16 of 34
State (Pennsylvania) 3 of 4
Country (United States) 13 of 22
Year (2012) 6 of 7
Size (of disclosed) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-14 Extrusion Die Industries

Chippewa Falls, Wisconsin, United States

Extrusion Die Industries LLC, is a designer and manufacturer of extrusion dies, coating heads and related products for producers of cast film, sheet, coatings and laminates.

Buy $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 Sealant Equipment & Engineering

Plymouth, Michigan, United States

Sealant Equipment & Engineering, Inc., is a provider in the engineering and manufacturing of meter, mix, and dispense equipment and valves which apply 1-part, 2-part and 3-part adhesive, sealant and lubricating materials.

Buy -

Seller(S) 1

SELLER

Industrial Growth Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 2.2B USD
Size Large
Type Sector Focused
DESCRIPTION

Industrial Growth Partners (IGP) is a private equity firm that invests in privately held, lower middle-market manufacturing and manufacturing services companies. Specific areas of interest include industrial components and equipment, electrical and electronic equipment, process instrumentation and controls, analytical instruments and measuring devices, filtration and pumps, specialty chemicals, plastics, and healthcare/safety equipment. Prospective transaction situations include management buyouts, leveraged buyouts, corporate divestitures, recapitalizations, management buy-ins, and growth capital financings. Target companies typically are profitable and have annual revenues up to $250 million. IGP was formed in 1997 and is based in San Francisco, California.


DEAL STATS #
Overall 15 of 32
Sector (Plastics) 1 of 2
Type (Add-on Acquisition) 5 of 16
State (Pennsylvania) 2 of 2
Country (United States) 15 of 32
Year (2012) 3 of 3
Size (of disclosed) 7 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-11 Cambridge International

Cambridge, Maryland, United States

Cambridge International, Inc. is a manufacturer of highly‐engineered metal conveyor belts food & dairy manufacturers of conveyor belts and related woven metal mesh solutions used in a variety of end markets packaging including food & dairy, metal working, packaging, agriculture, building products, Building Products filtration and electronics.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-07 Controls Southeast

Pineville, North Carolina, United States

Controls Southeast, Inc. is a provider of bolt-on heating systems for piping, tanks, valves and instrumentation, as well as jacketed piping systems and full-service system engineering and design, field consulting and installation support for a broad range of critical industrial processes.

Sell $160M