Altair Investments to acquire the screws and barrels product line of Nordson.

Altair Investments, a private equiity firm, agreed to acquire the screws and barrels product line of Nordson, a manufacturer of adhesives, coatings, and plastics. Financial terms were not disclosed. “This strategic portfolio transaction will improve the company’s ongoing earnings and require a one-time, non-cash asset impairment charge of approximately $87 million. This action underscores our commitment to align and focus our resources with the best strategic opportunities for long-term profitable growth," Joseph Kelley, Nordson CFO.