Nordson completes acquisition of Micromedics
3 Nov 2010
Nordson Corporation (Nasdaq: NDSN) has completed the
acquisition of St Paul, Minnesota-based Micromedics Inc., a producer of
dispensing biomaterials for controlling bleeding, healing wounds and
other related medical procedures. Terms of the deal were not disclosed.
Micromedics bioapplicator products are marketed under the name
FibriJet worldwide and include single and dual syringe applicators
modified with interchangeable tips for the particular needs of
specific surgical procedures.
The products enable the controlled dispense of a single material
or simultaneous dispense of two materials to a localized treatment
site with simple, one-handed operation. The products are sold to a
wide variety of end customers, including distributors, surgeons,
OEMs, hospitals and outpatient clinics.
The acquired business will be integrated into Nordson’s Advanced
Technology Systems segment. Micromedics product lines related to
ear, nose and throat applications and surgical instrument protection
were not acquired by Nordson, but will continue to be manufactured
and sold as part of a new company called Summit Medical Inc.
“Micromedics extends Nordson’s expertise in precision dispensing
technology and adds to our growing suite of applications in the
expanding medical device and life sciences market,” said Nordson
President and CEO Michael F. Hilton. “The company is an ideal fit
with Nordson’s strategy of acquiring high performing market leaders
with differentiated technology and significant recurring revenue.”