Westlake, Ohio - Nordson Corp. has paid $45 million for TAH Industries, which makes motionless mixer dispensing systems for two-component adhesives and sealants.
TAH Industries, headquartered in Robbinsville, New Jersey, employs about 180 people, specialising in making disposable plastic mixers and cartridge dispenser systems, meter-mix dispensing valves and accessories.
The company's products are used in the dental, construction, automotive, life-science, food, DIY, marine and aerospace industries.
Westlake, Ohio-headquartered Nordson's core business is precision-dispensing equipment that applies adhesives, sealants and coatings to a broad range of consumer and industrial products during manufacturing.
TAH will operate as part of Nordson's EFD precision-dispensing business, in its Advanced Technology Systems segment.
Nordson said that, for the 12 months to end of July 2007, TAH's revenues were about $24.5 million, with operating margins of 17 percent and EBITDA of $5.5 million.
Nordson added that TAH Industries' revenues "grew at an average rate of 16 percent per year," from 2004 to 2006.
"TAH Industries complements Nordson's core manufacturing capabilities in the area of precision injection moulding as well as our experience of working with material formulators around the world," commented Edward Campbell, Nordson chairman and chief executive officer, in a company statement.
Ken Jacobs will continue to lead TAH, as president, and the existing TAH management and company structure will remain intact, Jacobs said, in a separate statement for TAH customers. "