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NORMA Group SE — M&A Activity 2012
Oct 15, 2012
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M&A Activity
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Corporate | 15 October 2012 09:07
NORMA Group makes first acquisition in Asia and acquires the majority of Chien Jin Plastic
NORMA Group AG / Key word(s): Mergers & Acquisitions/Acquisition
15.10.2012 / 09:07
NORMA Group makes first acquisition in Asia and acquires the majority of Chien Jin Plastic
Maintal, Germany, 15 October 2012 – NORMA Group, a global market and technology leader for engineered joining technology, has signed a share purchase agreement on 15 October, 2012 to acquire 85% of the shares in the manufacturer of thermoplastic joining elements Chien Jin Plastic Sdn. Bhd. ('Chien Jin Plastic') in Malaysia. The parties agreed to maintain confidentiality on the transaction details.
Chien Jin Plastic is based in Ipoh, approximately 200 km north of Kuala Lumpur, Malaysia. The company is specialized in joining elements for plastic and iron pipe systems. Being in the market for 20 years, Chien Jin Plastic manufactures pipe couplings for different application areas, in particular for drinking and domestic water distribution, and irrigation systems. In addition, the company produces components for sanitary appliances and globally distributes its products under its brand name Fish Brand to more than 200 distributors in about 30 countries. In the past fiscal year, the company generated overall sales of more than seven million euro with around 150 employees
The acquisition of Chien Jin Plastic is a milestone for NORMA Group in expanding its business activities into Southeast Asia. The company extends the product range in infrastructure and the distribution network in this dynamically growing region. NORMA Group has already been present in Southeast Asia since 2004 with locations in e.g. Singapore, Malaysia, Thailand, Vietnam, Indonesia and the Philippines.
'This acquisition of the majority in Chien Jin Plastic shares reinforces our presence in the growth region Asia-Pacific and is a valuable enhancement to our product portfolio in particular in the drinking water distribution market,' says Werner Deggim, CEO of NORMA Group. 'NORMA Group products help to prevent leakages in water supply systems. We are proud to make an important contribution to the efficient use of the precious resource water.'
Additional information on the company is available on www.normagroup.com . To download press pictures, please visit www.normagroup.com/press pictures .
Contact
NORMA Group AG
Daphne Recker
Media Relations
E-mail: [email protected]
Phone: +49 (0)6181 – 610 2743
About NORMA Group
NORMA Group is an international market and technology leader in engineered joining technology. The company manufactures a wide range of innovative engineered joining technology solutions in three product categories (clamp, connect and fluid) and offers about 35,000 high-quality products and solutions to approximately 10,000 customers in 90 countries. NORMA Group joining products can be found in vehicles, ships, trains, aircraft, domestic appliances, engines and plumbing systems as well as in applications for the pharmaceutical and biotechnology industry. NORMA Group generated sales of around EUR 580 million in 2011. With around 4,500 employees, NORMA Group operates a global network of 18 production facilities as well as numerous sales and distribution sites across Europe, the Americas, and Asia-Pacific. NORMA Group has its headquarters in Maintal near Frankfurt am Main, Germany. The company was formed in 2006 as a result of the merger between the German Rasmussen Group and the Swedish ABA Group. Since April 2011, NORMA Group is listed on the German stock exchange and included in the SDAX index since June 2011.
End of Corporate News
15.10.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
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| Language: | English |
| Company: | NORMA Group AG |
| Edisonstr. 4 | |
| 63477 Maintal | |
| Germany | |
| Phone: | +49 (0)6181-6102-741 |
| Fax: | +49 (0)6181-6102-7641 |
| E-mail: | [email protected] |
| Internet: | www.normagroup.com |
| ISIN: | DE000A1H8BV3 |
| WKN: | A1H8BV |
| Indices: | SDAX |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart |
| End of News | DGAP News-Service |
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| 188697 15.10.2012 |