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Nordson to acquire Atrion in an $800 mln deal to bolster medical portfolio
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Nordson to acquire Atrion in an $800 mln deal to bolster medical portfolio
May 28, 2024 5:24 AM

May 28 (Reuters) - Nordson ( NDSN ), which makes

products for a variety of industries, said on Tuesday it would

buy medical devices maker Atrion Corp ( ATRI ) in an $800

million deal, expanding its medical portfolio.

Nordson ( NDSN ), which also makes precision manufacturing products

for the industrial and electronic markets, said it will pay $460

per Atrion ( ATRI ) share, less than the stock's close of $462.90 in the

previous session.

Atrion ( ATRI ) makes products like soft contact lens disinfection

cases and vacuum relief valves that are widely used in

cardiovascular, ophthalmic and fluid delivery markets.

The Allen, Texas-based company generated revenue of $169

million in 2023.

Earlier in May, Nordson ( NDSN ) lowered its full-year revenue

forecast as it faced a slow recovery in the electronics and

semiconductor markets.

It expects to fund the Atrion ( ATRI ) deal through a combination of

cash and newly debt.

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