NORWICH: Plas-Pak Industries Inc., was acquired by Westlake, OH, based Nordson Corp. (Nasdaq: NDSN) in January, the terms of the private company transaction were not disclosed.
Nordson has revenues of $1.8 billion and a $6.6 billion dollar market value.
Founded in 1985, Plas-Pak has emerged as a “leader in the manufacturing and supply of injection molded plastic packaging.” The company has customers in 35 countries, serviced by the company’s 150 employees on three shifts in a 160,000 square foot complex.
The company both designs and manufactures its products, including injection molded, single-use plastic dispensing and packaging products including two-component (2K) cartridges for industrial and commercial do-it-yourself (DIY) adhesives, dial-a-dose calibrated syringes for veterinary and animal health applications, and specialty syringes for pesticide, dental and other markets. Revenue has increased in the high single digits in the past five years.
The company says Plas-Pak majority owner Charles M. Frey, will support the transition to Nordson. Frey said, “Plas-Pak and Nordson share similar cultures and I am confident Nordson will continue to provide value to our customers and growth opportunities for our employees.”
A release from Nordson says that the company has “significant capacity to accommodate future growth” and that it expects to leverage its global footprint to increase growth.
STORRS: The University of Connecticut, working with the United States Economic Development Administration and Connecticut Innovations is creating a center to “share computer modeling facilities and related expertise with small and medium-sized Connecticut manufacturers, to help these companies create products faster and more efficiently.”
The Connecticut Manufacturing Simulation Center [CMSC], will be funded with a $2.1 million combined investment over five years. The center is being designed to serve small and medium-sized companies with access to resources for computational design, modeling, and simulation, as well as high-performance computing hardware. The center hopes to use computer models to test and modify new product designs and manufacturing processes “virtually” before making a physical prototype, with the goal of lowering the design and manufacturing costs.
Kazem Kazerounian, dean of the UConn School of Engineering, said “the Connecticut Manufacturing Simulation Center will allow UConn to share our advanced modeling capabilities with industry throughout the state.”
CMSC will work on a “subscription” model providing access to modeling technology for a “fraction of the cost of installing a similar high-performance computing system.” The CMSC will be housed within UConn’s new Tech Park, with the first building scheduled for completion next year.