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.