UPDATE 1-INTERVIEW-High oil a 'positive' for Nordson-CEO

* High oil prices are "neutral to positive" for the company

* U.S. dollar becomes headwind if it rebounds vs euro

* interested in life sciences acquisitions

By Nick Zieminski

NEW YORK, May 22 (Reuters) - Oil prices near $135 per barrel are "neutral to positive" for Nordson Corp NDSN.O, a maker of machines manufacturers use to precisely dispense coatings, glue, and paint, the company's chief executive said on Thursday.

Nordson machines -- used by manufacturers of everything from drinks cans and cellphones to semiconductors and diapers -- apply materials in precise ways. Since paint and glue are made from oil, the machines can help lower manufacturing costs by using less raw materials.

"If we can provide better precision, less waste, to put down these increasingly expensive materials, there's a rationale for our customers to upgrade (or) buy the premium portion of our products," CEO Ed Campbell told Reuters in an interview.

Nordson late on Wednesday reported better-than-expected quarterly profit, with double-digit sales growth in each of its three segments. It also said results in the last two quarters of its fiscal year would be ahead of Wall Street estimates.

Nordson shares jumped 14 percent Thursday to a lifetime high of $69.98 on the Nasdaq.