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: daphne.recker@normagroup.com
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