WESTLAKE, Ohio—Nordson Corp., a maker of precision dispensing equipment for adhesives, coatings, sealants, biomaterials, polymers, plastics and other materials, has completed a $705 million acquisition.
Nordson said April 3 it has closed the purchase of Vention Medical's Advanced Technologies business, which makes minimally invasive interventional delivery devices, catheters and advanced components for the global medical technology market.
When the deal was announced on Feb. 20, Nordson said it would pay $705 million in an all-cash transaction. Vention Advanced Technologies, headquartered in Salem, N.H., reported sales of $150 million and EBITDA of $48 million for the trailing 12 months ended Jan. 31.
Nordson has been on an aggressive acquisition pace with this purchase marking its fourth of 2017.