WESTLAKE, OH – Nordson 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.

The new IPS business combines Nordson’s Adhesive Dispensing Systems (ADS) and Industrial Coating Systems (ICS) businesses. IPS will combine the technology between ADS and ICS to deliver dispensing and processing technology, both standard and customized equipment, to diverse end markets. 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.

The ATS business integrates product technologies found in progressive stages of a customer’s production processes, such as surface treatment, precisely controlled dispensing of material and post-dispense test and inspection. This business also includes single-use plastic molded syringes, cartridges, tips, fluid connection components, tubing, balloons and catheters used to dispense or control fluids in production processes or within customers’ end products. ATS predominantly serves customers in the electronics, medical and general industrial end markets. In fiscal 2019, this business had revenues of approximately $986 million.

"Our executive leadership team has been meeting daily to manage our company’s response to Covid-19,” said president and CEO Sundaram Nagarajan. “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."

The company expects to align its financial reporting with this new structure.

"One of the company’s most significant opportunities for growth lies in diversifying our business portfolio through acquisitions. As we move forward, we will continue to stay focused on what makes Nordson special – creating superior value for our customers through precision technology. To deepen this focus, Stephen Lovass now will be responsible for enhancing our strategic planning process, accelerating our growth through acquisitions, and improving new business integration through our enhanced Nordson Business System."

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