Nordson Corp. (NDSN) Acquires LinkTech Quick Couplings
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Nordson Corporation (Nasdaq: NDSN) is broadening its fluid management product offering for medical and select non-medical applications with the acquisition of LinkTech Quick Couplings, Inc., a Ventura, California designer, manufacturer and distributor of highly engineered precision couplings and fittings. The transaction is not material to Nordson results and is being funded under Nordson’s existing revolving credit facility. Terms of the deal were not disclosed.
“LinkTech broadens our solutions offering to our customers within our fittings and connectors product line and fills a strategic gap in our growing portfolio of single use, highly engineered components,” said Nordson Corporate Vice President Jeff Pembroke. “We expect to build on the current strong performance of LinkTech by leveraging Nordson’s scale, sales channel and continuous improvement competencies, very similar to the successful approach we have taken with other recent product acquisitions in our medical portfolio.”
Founded in 2005 and employing approximately 30 people, LinkTech will become part of the Nordson MEDICAL product line within Nordson’s Advanced Technology Systems segment. LinkTech’s broad product offering includes plastic couplings, metal couplings, polypropylene couplings, and plastic tubing connectors used in insufflation tubing sets, deep vein thrombosis, clinical instrumentation, compression cryotherapy, pulmonary equipment and several other applications. The company shares a variety of blue-chip OEM customers in common with Nordson and has generated double digit compound annual organic growth rates in revenue over the last five years.
“We believe Nordson MEDICAL is best positioned to support the continued growth of the LinkTech product line. They have set the standard for quality and service in the medical components industry and their growing product portfolio will allow them to provide even more solutions to their customers,” added LinkTech President Randy Rehder.
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