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About NORMA Group
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Investor Relations
Management and Corporate GovernanceSharePublications and EventsOnline ReportsFinancial FiguresCreditor RelationsAGMServicesManagement and Corporate Governance
Share
Publications and Events
Online Reports
Financial Figures
Creditor Relations
AGM
Services
- Career
- Blog
- Contact us
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NORMA Group acquires Italian clamp manufacturer Nordic Metalblok
Maintal, Germany, 12 July 2012
NORMA Group AG (“NORMA Group”), a global market and technology leader for engineered joining technology, has acquired Nordic Metalblok S.r.l. (“Nordic Metalblok”) effective 12 July 2012. The parties agreed to maintain confidentiality on the transaction details.
Based in Riese Pio X near Treviso in Northern Italy, Nordic Metalblok has been active in the market for over 40 years. The company is manufacturing clamps for various applications particularly for the heating, ventilation and air conditioning industry and the agricultural and construction sectors. In addition, the company produces metal bands and the related tools. Nordic Metalblok distributes its products to retailers and wholesalers as well as to manufacturing companies globally. The company generated overall sales of about EUR 6 million in fiscal year 2011. It will be consolidated as part of NORMA Group with immediate effect. NORMA Group has already been present in Italy since 2006 and is operating a distribution centre in Gavardo.
Werner Deggim, CEO of NORMA Group, says: “We are further expanding our global footprint through the acquisition of Nordic Metalblok. The expertise of Nordic Metalblok particularly in the heating, ventilation and air conditioning technology and NORMA Group’s product portfolio complement each other perfectly. We will meet the requirements of our clients across Europe even better.”