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NORMA Group Successfully Completes Acquisition of Fengfan

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2017-07-10

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.

扣件
國際展會
惠達雜誌
匯達實業
外銷媒合
廣告刊登
螺絲五金
五金工具
紧固件
台灣扣件展
印度新德里螺絲展
越南河內螺絲展
墨西哥瓜達拉哈拉螺絲展
美國拉斯維加斯螺絲暨機械設備展
波蘭克拉科夫螺絲展
義大利米蘭螺絲展
德國司徒加特螺絲展
FAIR INDIA
FASTENER FAIR VIETNAM
FASTENER FAIR MEXICO
FASTENER POLAND
FASTENER FAIR ITALY
FASTENER FAIR GLOBAL
FASTENER WORLD
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2017-07-10

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