DGAP-News: NORMA Group successfully completes acquisition of Fengfan

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 7/3/2017

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 corporate

DGAP-News: NORMA Group SE / Key word(s): Takeover
NORMA Group successfully completes acquisition of Fengfan

03.07.2017 / 09:17
The issuer is solely responsible for the content of this announcement.


NORMA Group successfully completes acquisition of Fengfan

Maintal, Germany/Shaoxing City, China, July 3, 2017 - NORMA Group, a global market leader in engineered joining technology, has successfully completed the acquisition of Fengfan Fastener Co., Ltd. ("Fengfan"). Fengfan, headquartered in Shaoxing City, China, produces joining products made of stainless steel and plastic as well as specialty textiles. Following NORMA Group's signing of the purchase agreement on March 28, 2017, for 80 percent of Fengfan's shares, the authorities have now approved the acquisition.

"We are consistently advancing our international expansion. After having acquired and successfully integrated companies in Malaysia and Australia, we are now strengthening our presence in the important growth market of China with the majority stake in Fengfan," says Werner Deggim, CEO of NORMA Group.

Fengfan was consolidated in the second quarter of 2017. Fengfan markets its products in the Chinese market and exports to other countries. Their approximately 190 employees produce cable ties, fastening elements and specially coated, fire-resistant textiles. Many of Fengfan's customers come from shipbuilding and heavy industry.

Additional information on the company is available on www.normagroup.com. Press photos are available from our platform on www.normagroup.com/images.

Contact
NORMA Group SE
Alexandra Lipkowski
Group Communications
E-mail: alexandra.lipkowski@normagroup.com
Tel: +49 (0)6181 - 6102 747


About NORMA Group
NORMA Group is a global market leader in engineered joining technology. The company manufactures a wide range of innovative connecting solutions and water management technology offering more than 35,000 products to customers in 100 countries with around 7,200 employees. NORMA Group helps its customers and business partners react to global challenges such as climate change and increasing scarcity of resources. NORMA Group joining products can be found in vehicles and trains, ships and aircraft, buildings and water management as well as in applications for the pharmaceutical and biotechnology industry. The company generated sales of around EUR 895 million in 2016. NORMA Group operates a global network of 28 production facilities as well as numerous sales and distribution sites across Europe, the Americas, and Asia-Pacific. NORMA Group has its headquarters in Maintal, Germany. NORMA Group SE is listed on the German stock exchange (Prime Standard) and included in the MDAX index.



03.07.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: NORMA Group SE
Edisonstr. 4
63477 Maintal
Germany
Phone: +49 6181 6102 741
Fax: +49 6181 6102 7641
E-mail: ir@normagroup.com
Internet: www.normagroup.com
ISIN: DE000A1H8BV3
WKN: A1H8BV
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

588727  03.07.2017 

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