NORMA Group names Dr Friedrich Klein as new COO
Dr Friedrich Klein has been appointed as NORMA Group’s new Chief Operating Officer (COO). Dr Klein will manage the business operations of NORMA Group SE together with CEO Bernd Kleinhens and CFO Dr. Michael Schneider. He will assume his new role on 1 October 2018. Dr Friedrich Klein has many years of experience and expertise […]
NORMA Group recognises Integrity Stainless as best supplier in the Americas
NORMA Group has presented Integrity Stainless – An Olympic Steel Company with its Supplier Recognition Award for the Americas region. NORMA Group’s award recognised Integrity Stainless’s outstanding performance in 2017 in the areas of quality, delivery reliability, purchasing, growth and sustainability. “As a rapidly growing company, we value flexible, service-oriented suppliers,” says Bernd Kleinhens, Chairman […]
NORMA’s latest acquisition to boost its coffers by €2.5 million
Statek, NORMA’s latest acquisition, is expected to add €2.5 million to its bottom line this year. Statek has produced housings and tension springs for worm-drive hose clamps for many years. In 2017, Statek achieved sales of around €17.2 million, 70% of which was generated with its largest customer, NORMA. Statek supplies other customers in Germany […]
NORMA acquires supplier, Statek
NORMA Group is to acquire Statek Stanzereitechnik GmbH (“Statek”). NORMA Group is Statek’s largest customer, accounting for around 70% of sales, buying housings and spring inserts for worm-drive hose clamps (pictured) from the company. Statek’s experience and production expertise is in stamping, bending and forming technology for almost all commonly used metals. Formed in 1980 by Dieter Anton […]
NORMA smashes past €1 billion sales for first time
NORMA’s annual sales surpassed the one billion euro mark for the first time last year. Seeing significant growth, the group saw sales rise 13.7% to €1,017.1 million (2016: €894.9 m). NORMA attributed the rise to the good overall economic situation and the high demand for reliable joining technology in important end markets – cars, commercial […]
NORMA completes Fengfan Fastener acquisition
NORMA Group has successfully completed the acquisition of Fengfan Fastener Co Ltd (“Fengfan”). Headquartered in Shaoxing City, China, Fengfan produces joining products made of stainless steel and plastic as well as speciality textiles. NORMA Group agreed to purchase 80% of Fengfan’s shares in March of this year and the authorities have now approved the acquisition. “We […]
Asia-Pacific sales rocket for NORMA Group
NORMA Group saw sales growth in three regions in the first quarter of 2017, with sales up 12.5% to €254.9 million. Following a “challenging 2016”, NORMA’s strong start to the year included significant growth in the EMEA (Europe, Middle East and Africa regions) and Asia-Pacific regions. EMEA sales rose 14.1% to €127.9 million in Q1 […]
NORMA takes majority stake in China joining products manufacturer
NORMA Group is to acquire 80% of the shares in Fengfan Fastener (Shaoxing) Co., Ltd. (“Fengfan”), based in Shaoxing City, China. It’s the second acquisition for NORMA this year, following the buy out of Portugese metal clamp firm Lifial. The details of the Fengfan deal are being kept under wraps, but the transaction is expected to […]
Slight growth for NORMA in 2016
Preliminary sales in 2016 rose a modest 0.6% to €894.9 million for NORMA in fiscal year 2016 (2015: €889.6m). The Group saw preliminary adjusted EBITA increase 0.8% to €157.5 million, while adjusted EBITA margin stuck at a sustained high level of 17.6%. The period included the acquisition of automotive component manufacturer Autoline and Portugese clamps firm Lifial. Autoline […]
Portugese metal clamp firm Lifial has been acquired by NORMA
NORMA Group has bought Lifial, a metal clamp manufacturer based in Águeda, Portugal. Lifial has been in business for 28 years and serves the industry and agriculture sectors. Its product portfolio includes heavy duty clamps, pipe supporting clamps, and U-bolt clamps for mounting antennas and solar modules. Annual turnover for Lifial was approximately €8 million […]