Nordson acquires Plas-Pak; plans to grow brand beyond North America

Plastic packaging manufacturer Plas-Pak Industries Inc. (Norwich, CT) announced today that it has been sold to Nordson Corp., a multinational company headquartered in Westlake, OH, that designs and manufactures dispensing equipment for adhesives, sealants and coatings. The Plastics & Packaging Group of P&M Corporate Finance (PMCF) acted as the financial advisor in the transaction, the terms of which were not disclosed.

Plas-Pak designs and manufactures injection molded, single-use plastic dispensing and packaging products including two-component (2K) cartridges for industrial and commercial do-it-yourself adhesives, Dial-a-Dose calibrated syringes for veterinary and animal health applications, and specialty syringes for pesticide, dental and other markets. 

Plas-Pak was founded in 1985 by Charles M. Frey, who was the majority owner. Helped by a group of talented employees, Frey has grown the business significantly over the years through a focus on innovation, quality, customer service and lean manufacturing, said the press release announcing the acquisition. Plas-Pak currently employs approximately 150 people and operates a 160,000-square-foot facility with significant capacity to accommodate future growth. 

“Plas-Pak’s recurring revenue model, proprietary technology and low-dollar-cost, high-value-add selling proposition are highly complementary and consistent with our existing Nordson EFD product line,” said Jeff Pembroke, Vice President for Nordson’s Advanced Technology Systems segment. “Plas-Pak strengthens Nordson EFD’s position in select industrial end markets, while providing access to a rapidly growing animal health market and broader exposure to the DIY, pesticide and dental markets. We expect to leverage Nordson’s global footprint to accelerate Plas-Pak’s growth beyond its current strong presence in North America. The transaction also aligns with our strategic objective of diversifying Nordson’s Advanced Technology segment through greater participation in less cyclical end markets.”