STORRS: The University of Connecticut has been named part of a new national coalition to coordinate research and development in “smart manufacturing and energy efficiency,”
The Smart Manufacturing Innovation Institute, has been awarded $70 million from the U.S. Department of Energy that will be matched by private investments and is part of the administration’s effort to double U.S. energy efficiency by 2030.
The institute is an association of nearly 200 “partners” from academia, industry, and non-profits to “advance the development of smart sensors and digital process controls, and shift these technologies to manufacturers across the country.”
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.