Growth Partners has sold Xaloy to Nordson Corporation

Lincoln International, a leading global mid-market investment bank, has announced that Xaloy Superior Holdings (“Xaloy”) has been sold to Nordson Corporation (Nasdaq: NDSN) for $200 million. Xaloy was a portfolio company of Industrial Growth Partners, a private equity firm based in San Francisco, California.

Xaloy, headquartered in New Castle, Pennsylvania, is the world’s leading provider of mission-critical plastic melt-stream components serving global OEM manufacturers of plastification equipment and plastics processors. Originally founded in 1929, Xaloy was a pioneer in the use of bimetallic materials to improve the performance of plastic processing equipment. Today, the Company is the world’s leading manufacturer of barrels, screws, melt pumps, screen changers and other related equipment that are critical to the entire plastics melt-stream for both injection molding and extrusion applications.

Lincoln International acted as the exclusive financial advisor to Xaloy, working closely with Xaloy’s senior management team and Industrial Growth Partners throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.

Eric Heglie, a Partner at Industrial Growth Partners, commented, “through an aggressive, customized global marketing effort and a strong understanding of Xaloy’s value proposition, Lincoln created a highly competitive process resulting in attractive alternatives for the shareholders with a very favorable outcome. Lincoln’s execution expertise, industry knowledge, and process guidance proved invaluable throughout the sale process.”

Ron Auletta, President & CEO of Xaloy, added, “Lincoln worked tirelessly throughout the sale process by first making that crucial connection with my management team and then to understand our business to share our compelling story. They provided astute guidance to me and the management team throughout the sale process and helped find us a partner that has the tools to help our business continue to grow. We could not have as successfully exited without them.”

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