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May 28 (Reuters) - Nordson NDSN.O, which makes products for a variety of industries, said on Tuesday it would buy medical devices maker Atrion Corp ATRI.O in an $800 million deal, expanding its medical portfolio.
Nordson, which also makes precision manufacturing products for the industrial and electronic markets, said it will pay $460 per Atrion share, less than the stock's close of $462.90 in the previous session.
Atrion makes products like soft contact lens disinfection cases and vacuum relief valves that are widely used in cardiovascular, ophthalmic and fluid delivery markets.
The Allen, Texas-based company generated revenue of $169 million in 2023.
Earlier in May, Nordson lowered its full-year revenue forecast as it faced a slow recovery in the electronics and semiconductor markets.
It expects to fund the Atrion deal through a combination of cash and debt.
(Reporting by Abhinav Parmar in Bengaluru; Editing by Savio D'Souza)