Norma Group Explained

Norma Group SE (often written as NORMA) is a German manufacturer of machine joining components, such as hose couplings, clamps and quick connectors.[1] [2] The company's products are used in industries such as automotive, aviation, construction and shipping, and for purposes such as cooling, emission outputs, hoses, water pipes and sterile pharmaceuticals production.[3] [4] [5]

The company is based in Maintal in Hesse, near Frankfurt, and is listed on the Frankfurt Stock Exchange .[6] As of November 2015, it is a member of the SDAX index of small-cap companies. As of 2019, the company has about 8,900 employees.[7] [8] It markets its products under a range of brand names, such as ABA, Breeze, Connectors, Serflex, Serratub, Terry and Torca as well as Norma.[9]

The company was founded as Rasmussen GmbH in 1949 by Ove Skafte Rasmussen, a son of Danish industrialist Jørgen Skafte Rasmussen.[10] [11] It was family-owned until a 2006 management buyout and merger with ABA, a Swedish company, funded by the private equity company 3i. It also took over Breeze Industrial Products, an American company, in 2007.[12] [13] The company was publicly listed in 2011 under its present name, which it already used as a brand name.[14] [15]

It purchased the Michigan-based company Craig Assembly in 2013, a specialist in injection-moulded components, and California-based company National Diversified Systems, which makes plastic water piping products, in 2014.[16] [17] [18] [19] [20] It also bought Malaysian company Chien Jin Plastic in 2014.

The company has two production plants in China and one in Brazil, among other locations.[21] [22] [23]

External links

Notes and References

  1. Web site: Company facts. Norma. 17 November 2015.
  2. Web site: Products list. Norma Group.
  3. Web site: Applications list. Norma. 17 November 2015.
  4. Web site: Norma Group bags large order for quick connectors from German supplier (press release). Autocar Pro India. 17 November 2015.
  5. Web site: New NORMA Group connector offers added security for fuel and urea system assemblies (press release). PR Newswire. 17 November 2015.
  6. Web site: MDAX constituents list. Frankfurt Stock Exchange. 17 November 2015.
  7. Web site: "Who We Are". Norma Group. 17 November 2015.
  8. Web site: Norma Group buys all of Malaysia's Chien Jin Plastic. Plastics News. 17 November 2015.
  9. Web site: Brands list . https://web.archive.org/web/20150313201702/http://www.normagroup.com/norma.nsf/id/Brands_EN . 2015-03-13 . 17 November 2015 . Norma.
  10. Web site: "About us". Norma Group. 17 November 2015.
  11. Web site: 3i backs MBO of German industrial supplier Rasmussen GmbH. 3i. 17 November 2015.
  12. Web site: Bloomberg overview. Bloomberg.
  13. Web site: NORMA Group Acquires Hose Clamp Manufacture Company (press release). Norma Group. 17 November 2015.
  14. Web site: 3i-backed NORMA in € 669.0 million IPO . https://web.archive.org/web/20140722012019/http://www.3i.com/news/corporate-news/3i-backed-norma-%E2%82%AC-6690-million-ipo . 2014-07-22 . 17 November 2015 . 3i.
  15. Web site: Arnold. Martin. 3i plans €1bn sale of German groups. Financial Times. Pearson. 17 November 2015.
  16. Web site: Kavanaugh. Catherine. Germany's Norma Group buys National Diversified Sales Inc. Plastics News. Crain Communications. 17 November 2015.
  17. Web site: Craig Assembly profile. Bloomberg. 17 November 2015.
  18. Web site: SC to hold public hearing on tax breaks for Norma Corporation. The Voice. 17 November 2015.
  19. Web site: Miel. Rhoda. US acquisition helps German quick-connector firm go global. Plastics News. Crain Communications. 17 November 2015.
  20. Web site: BRIEF-Norma to buy National Diversified Sales for $285 mln. Reuters. 17 November 2015.
  21. Web site: Facilities list. Norma Group.
  22. Web site: Miel. Rhoda. Germany’s Norma Group setting up production in Brazil. Plastics News. Crain Communications. 17 November 2015.
  23. Web site: Cremer. Andreas. Norma Group CEO sees Brazil slowdown weighing on new plant. Reuters. 17 November 2015.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Norma Group".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.