NORMA Group to Acquire a Supplier in the Area of Metal Processing

NORMA Group signed an agreement to acquire Statek Stanzereitechnik GmbH (“Statek”) on June 5, 2018. Statek has many years of experience and a high level of production expertise in stamping, bending and forming technology for almost all commonly used metals. The parties have agreed not to disclose the details of the agreement. Completion is expected after antitrust approval in mid-2018.

 

The company based in Maintal was founded by Dieter Anton in 1980 and produces contact and stamped parts, housings, wave springs and other products. Statek has around 60 employees and supplies well-known German and international customers in the electrical engineering, automotive and reactor technology industries. NORMA Group has conducted business with Statek for many years, buying housings and spring inserts for worm-drive hose clamps from the medium-sized company. Statek generated sales of around EUR 17.2 million in fiscal year 2017, around 70 percent of which came from NORMA Group, its largest customer.

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