Business News
Nordson Corporation Completes Acquisition of Micromedics, Inc.
Wednesday 03. November 2010 - Companys FibriJet business is leader in applying and dispensing biomaterials for medical applications
Nordson Corporation (Nasdaq: NDSN) today announced the completion of its acquisition of St. Paul, Minnesota-based Micromedics Inc., a leader in applying and dispensing biomaterials for controlling bleeding, healing wounds and other related medical procedures. Terms of the deal were not disclosed.
“Micromedics extends Nordsons 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 Nordsons strategy of acquiring high performing market leaders with differentiated technology and significant recurring revenue.”
Micromedics bioapplicator products are marketed under the name FibriJet 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 Nordsons 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.