Summary
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 (FWB: NOEJ).[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.[11] 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][11][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.[8]
The company has two production plants in China and one in Brazil, among other locations.[21][22][23]
References edit
- ^ "Company facts". Norma. Retrieved 17 November 2015.
- ^ "Products list". Norma Group.
- ^ "Applications list". Norma. Retrieved 17 November 2015.
- ^ "Norma Group bags large order for quick connectors from German supplier (press release)". Autocar Pro India. Retrieved 17 November 2015.
- ^ "New NORMA Group connector offers added security for fuel and urea system assemblies (press release)". PR Newswire. Retrieved 17 November 2015.
- ^ "MDAX constituents list". Frankfurt Stock Exchange. Retrieved 17 November 2015.
- ^ ""Who We Are"". Norma Group. Retrieved 17 November 2015.
- ^ a b "Norma Group buys all of Malaysia's Chien Jin Plastic". Plastics News. Retrieved 17 November 2015.
- ^ "Brands list". Norma. Archived from the original on 2015-03-13. Retrieved 17 November 2015.
- ^ ""About us"". Norma Group. Retrieved 17 November 2015.
- ^ a b c "3i backs MBO of German industrial supplier Rasmussen GmbH". 3i. Retrieved 17 November 2015.
- ^ "Bloomberg overview". Bloomberg.
- ^ "NORMA Group Acquires Hose Clamp Manufacture Company (press release)" (PDF). Norma Group. Retrieved 17 November 2015.
- ^ "3i-backed NORMA in € 669.0 million IPO". 3i. Archived from the original on 2014-07-22. Retrieved 17 November 2015.
- ^ Arnold, Martin. "3i plans €1bn sale of German groups". Financial Times. Pearson. Retrieved 17 November 2015.
- ^ Kavanaugh, Catherine. "Germany's Norma Group buys National Diversified Sales Inc". Plastics News. Crain Communications. Retrieved 17 November 2015.
- ^ "Craig Assembly profile". Bloomberg. Retrieved 17 November 2015.
- ^ "SC to hold public hearing on tax breaks for Norma Corporation". The Voice. Retrieved 17 November 2015.
- ^ Miel, Rhoda. "US acquisition helps German quick-connector firm go global". Plastics News. Crain Communications. Retrieved 17 November 2015.
- ^ "BRIEF-Norma to buy National Diversified Sales for $285 mln". Reuters. Retrieved 17 November 2015.
- ^ "Facilities list". Norma Group.
- ^ Miel, Rhoda. "Germany's Norma Group setting up production in Brazil". Plastics News. Crain Communications. Retrieved 17 November 2015.
- ^ Cremer, Andreas. "Norma Group CEO sees Brazil slowdown weighing on new plant". Reuters. Retrieved 17 November 2015.
External links edit
- Official website
- Norma Group company profile at Bloomberg