Norma Purchases U.S. Five Star

Germany-based Norma Group currently paid much attention to Crest Hill, Chicago-based Five Star offering joining technology and has purchased its business activities on April 28th 2014, which both sides agreed to maintain confidentiality on the transaction (Five Star was established in 1987 and supplies high quality clamps to customers in over 50 countries). CEO Werner Deggim of Norma Group said, “The deal will reinforce the position of Norma in U.S. market, expand the production/distribution/sales, and grow the customer base further.” Five Star generated USD5 million of revenue in 2012, which is expected to be more financially consolidated after becoming one part of Norma Group.