Business
Nordson Corporation Announces Business Realignment and Leadership Appointments
WESTLAKE, Ohio--(BUSINESS WIRE)-- Nordson Corporation (Nasdaq: NDSN) today announced a strategic business realignment that will position the company for its
About this update from Nordson Corporation
[{"type":"text","content":" WESTLAKE, Ohio--(BUSINESS WIRE)--\nNordson Corporation (Nasdaq: NDSN) today announced a strategic business realignment that will position the company for its next chapter of profitable growth. The company will reorganize into two businesses: Industrial Precision Solutions (IPS) led by Gregory P. Merk, Executive Vice President, and Advanced Technology Solutions (ATS) led by Jeffrey A. Pembroke, Executive Vice President.\n\n\nSundaram Nagarajan, President and Chief Executive Officer, said, “Our executive leadership team has been meeting daily to manage our company’s response to COVID-19. We are taking the right actions to protect the health and safety of our employees and meet the needs of our customers. While we remain focused on managing this dynamic situation, I am equally committed to moving this organization forward and making progress toward our long-term vision. The greatest opportunity for Nordson is profitable growth. We have a solid foundation, and the opportunity is in how we add to this great company. This realignment will make us more agile in accomplishing our long-term strategic priorities of accelerating organic growth, diversifying through acquisition, leveraging the Nordson Business System and focusing on talent development.”\n\n\nIndustrial Precision Solutions (IPS)\n\n\nThe new IPS business combines Nordson’s Adhesive Dispensing Systems (ADS) and Industrial Coating Systems (ICS) businesses. IPS will combine the technology synergies between ADS and ICS to deliver proprietary dispensing and processing technology, both standard and highly-customized equipment, to diverse end markets. Product lines for both ADS and ICS commonly reduce material consumption, increase line efficiency, and enhance product brand and appearance. Components are used for dispensing adhesives, coatings, paint, finishes, sealants and other materials. This business primarily serves the industrial, consumer durables and non-durables markets. In fiscal 2019, ADS and ICS had combined revenues of approximately $1.2 billion.\n\n\nMr. Merk has been promoted to run the new IPS business. He joined Nordson in 1994 within our Japanese subsidiary, Nordson KK. Mr. Merk’s focus on customers, commitment to new product innovation, and proven growth track record led to roles of increasing responsibility, including management of Asia and Latin America region...