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Nordson Acquires Atrion for $800 Million in Cash

  • May 28, 2024

Nordson - Atrion Merger

Dispensing equipment maker Nordson Corporation (NDSN) on May 28, 2024, said it was acquiring Atrion Corporation (ATRI) for about $800 million in cash.

Deal Structure:

Under the agreement, Nordson will acquire Atrion for $460 per share in cash, representing a premium of 6.90% from the stock’s last 30-day average.

Company Profile:

Atrion is a manufacturer of advanced medical products for fluid delivery, cardiovascular care, and ophthalmic applications. Atrion’s EV/EBITDA (TTM) ratio stands at 20.59, above the sector median of 15.60.

Nordson, on the other hand, is a precision technology company that engineers and manufactures solutions for dispensing, coating, and processing in diverse industrial and medical markets.

Deal Synergies:

Atrion’s portfolio consists of three key businesses that will expand Nordson’s addressable market in infusion and cardiovascular therapies:

  • Halkey Roberts is an infusion fluid delivery solution, including single-use OEM medical components such as swabable and pressure relief valves.
  • Atrion Medical is a leading provider of OEM interventional inflation devices for balloon catheterization, stent deployment, and fluid delivery in structural heart, ENT, and GI procedures.
  • Quest Medical’s highly differentiated myocardial protection devices and single-use consumables deliver real-time precise drug administration during cardiovascular surgery.

“Atrion’s three FDA-registered design and manufacturing facilities – located across the United States, will be important additions to Nordson MEDICAL,” said Stephen Lovass, executive vice president of the Nordson Medical and Fluid Solutions segment.

Deal Metrics:

For a detailed review of the metrics associated with this acquisition, follow the link below:

In-depth Metrics for the Nordson Corporation and Atrion Corporation Acquisition

The Deal Metrics page for each merger or acquisition includes:

  • A spread history chart of the merger from announcement through eventual completion or failure.
  • Every event as the merger progresses through the expiration of the HSR period, various regulatory approvals, shareholder votes, etc.
  • News and SEC filings.
  • A history of deal updates. 
  • And a whole lot more. 

Disclaimer: This article is intended for informational purposes only. It is recommended to do your own due diligence before engaging in any purchase or sale of securities mentioned herein. We do not guarantee the completeness or accuracy of the data or content provided.

Editor’s Note: Baranjot Kaur contributed to this article