SIGN IN
Log In / Register
Global News Link
NORMA Acquires Nordic Metalblok
Add to my favorite
2012-11-23
NORMA Group AG acquired Nordic Metalblok S.r.l. effective 12th July 2012. The parties agreed to maintain confidentiality on the transaction details.
Based in Riese Pio X near Treviso in Northern Italy, Nordic Metalblok has been active in the market for over 40 years. The company is manufacturing clamps for various applications particularly for the heating, ventilation and air conditioning industry and the agricultural and construction sectors. In addition, the company produces metal bands and the related tools. Nordic Metalblok distributes its products to retailers and wholesalers as well as to manufacturing companies globally. The company generated overall sales of about 6 million euros in fiscal year 2011. It will be consolidated as part of NORMA Group with immediate effect. NORMA Group has been present in Italy since 2006 and is operating a distribution centre in Gavardo.
Werner Deggim, CEO of NORMA Group, says: "We are further expanding our global footprint through the acquisition of Nordic Metalblok. The expertise of Nordic Metalblok particularly in the heating, ventilation and air conditioning technology and NORMA Group's product portfolio complement each other perfectly. We will meet the requirements of our clients across Europe even better."
Based in Riese Pio X near Treviso in Northern Italy, Nordic Metalblok has been active in the market for over 40 years. The company is manufacturing clamps for various applications particularly for the heating, ventilation and air conditioning industry and the agricultural and construction sectors. In addition, the company produces metal bands and the related tools. Nordic Metalblok distributes its products to retailers and wholesalers as well as to manufacturing companies globally. The company generated overall sales of about 6 million euros in fiscal year 2011. It will be consolidated as part of NORMA Group with immediate effect. NORMA Group has been present in Italy since 2006 and is operating a distribution centre in Gavardo.
Werner Deggim, CEO of NORMA Group, says: "We are further expanding our global footprint through the acquisition of Nordic Metalblok. The expertise of Nordic Metalblok particularly in the heating, ventilation and air conditioning technology and NORMA Group's product portfolio complement each other perfectly. We will meet the requirements of our clients across Europe even better."
