Nordson purches certain assets of Kodama Chemical Industry Nordson Corporation announced that it has purchased certain assets of Kodama Chemical Industry, a licensed distributor for Nordson's EDI business in Japan for 20 years, and will draw on the organization's extensive technical and manufacturing capabilities to establish a new division to supply and support its extrusion die customers in Japan and Taiwan and provide remanufacturing services there and throughout the Asia-Pacific region. Terms of the transaction were not disclosed. Nordson Corporation acquired EDI in June of this year.
Nordson downgraded to Hold from Buy at BB&T As previously reported, BB&T downgraded Nordson to Hold from Buy. The firm cites increasing FX headwinds and softening international macro conditions for the downgrade.