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NORMA Group SE — M&A Activity 2014
Apr 29, 2014
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M&A Activity
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News Details
Corporate | 29 April 2014 08:46
NORMA Group acquires business activities from joining technology manufacturer Five Star Clamps in the US
NORMA Group SE / Key word(s): Mergers & Acquisitions/Acquisition
29.04.2014 / 08:46
NORMA Group acquires business activities from joining technology manufacturer Five Star Clamps in the US
Maintal, Germany/Crest Hill, USA, 29 April 2014 – NORMA Group, an international market and technology leader for engineered joining technology, acquired the business of Five Star Clamps Inc. (“Five Star”) in the US effective 28 April 2014. The parties agreed to maintain confidentiality on the transaction details.
Five Star with headquarters in Crest Hill near Chicago, Illinois, has been selling joining products since 1987. The high-quality clamps of the owner-managed business are distributed to customers in over 50 different industries. In fiscal year 2012, Five Star generated revenues of about USD 5 million. It will be consolidated financially as part of NORMA Group effective immediately.
“Five Star Clamps has many years of expertise in the markets for joining technology,” says Werner Deggim, CEO of NORMA Group. “The acquisition will strengthen our market position in the US region. We will expand our manufacturing footprint and distribution activities as well as grow our client base.”
In the US, NORMA Group operates production facilities in Auburn Hills and St. Clair, Michigan, and in Saltsburg, Pennsylvania.
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 SE
Daphne Recker
Media Relations
E-mail: [email protected]
Tel: +49 (0)6181 – 6102 743
About NORMA Group
NORMA Group is an international market and technology leader in engineered joining technology. The company manufactures a wide range of innovative joining technology solutions in three product categories (clamp, connect and fluid) and offers more than 30,000 high-quality products and solutions to around 10,000 customers in 100 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. The company generated sales of around EUR 636 million in 2013. With around 5,000 employees, NORMA Group operates a global network of 21 production facilities as well as numerous sales and distribution sites across Europe, the Americas, and Asia-Pacific. The company has its headquarters in Maintal near Frankfurt am Main, Germany. NORMA Group 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 MDAX index since March 2013.
End of Corporate News
29.04.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG.
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| Language: | English |
| Company: | NORMA Group SE |
| 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: | MDAX |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart |
| End of News | DGAP News-Service |
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| 265236 29.04.2014 |