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Industrial Products India, Industrial Manufacturers & Suppliers
 




 
   
 
 
 

NORMA Group makes first acquisition

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.

 
     
 
   
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