DGAP-News: NORMA Group makes first acquisition in Asia and acquires the majority of Chien Jin Plastic
(firmenpresse) - DGAP-News: NORMA Group AG / Key word(s): Mergers&Acquisitions/Acquisition
NORMA Group makes first acquisition in Asia and acquires the majority
of Chien Jin Plastic
15.10.2012 / 09:07
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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: daphne.recker(at)normagroup.com
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. NORMAGroup 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
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15.10.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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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: ir(at)normagroup.com
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
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Unternehmensinformation / Kurzprofil:
Datum: 15.10.2012 - 09:07 Uhr
Sprache: Deutsch
News-ID 192130
Anzahl Zeichen: 9201
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Kategorie:
Business News
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