Norma Group buys all of Malaysia's Chien Jin Plastic

EUROPEAN PLASTICS NEWS

Published: February 11, 2014 11:50 am ET
Updated: February 11, 2014 11:51 am ET

Related to this story

Topics Mergers & Acquisitions
Companies & Associations

Norma Group AG, a specialist in engineered joining technology, has acquired the remaining 15 percent of shares in Chien Jin Plastic Snd. Bhd., according to a statement.

Maintal, Germany-based Norma gained 100 percent of shares in Chien Jin Plastic, a manufacturer of thermoplastic joining systems, on Feb. 7. Norma had previously acquired 85 percent of Chien Jin Plastic in November 2012, strengthening its business in southeast Asia.

Chien Jin Plastic, which manufactures joining solutions for plastic and cast iron pipe systems used for a wide range of applications with a focus on water management, saw record sales in 2013 with a growth from 2012 of more than 10 percent reaching 8 million euros.

Chien Jin Plastic is based in Ipoh, Malaysia, and employs 175.

"The integration of Chien Jin Plastic into Norma Group has been successful and we are already reaping the rewards. We are very proud of the business success," said Werner Deggim, CEO of Norma Group, in a news release.

Norma employs 4,800 and has manufacturing facilities and sales and distribution sites in Europe, the Americas and Asia-Pacific.


Comments

Norma Group buys all of Malaysia's Chien Jin Plastic

EUROPEAN PLASTICS NEWS

Published: February 11, 2014 11:50 am ET
Updated: February 11, 2014 11:51 am ET

Post Your Comments


Back to story


More stories

Image

Reifenhäuser acquires German spinneret company Enka Tecnica

April 17, 2015 9:31 am ET

Germany-based Reifenhäuser GmbH & Co. KG, a major manufacturer of extrusion equipment, has announced that it is acquiring Enka Tecnica GmbH, a German ...    More

Image

Spain's Grupo Antolin to buy Magna's interiors business

April 16, 2015 12:33 pm ET

Spain's Grupo Antolin has reached an agreement to purchase Canadian auto supply giant Magna International Inc.'s interiors unit in a deal valued at...    More

Image

Madison buys Ferry Industries

April 16, 2015 5:22 pm ET

Ferry Industries, the largest manufacturer of rotational molding machinery, was purchased by Madison Industries, a Chicago holding company that is...    More

Image

Caplugs gets new private equity owner

April 16, 2015 11:17 am ET

Caplugs, a major producer of caps, plugs, tubing, netting and other protective goods for industry, has a new owner.    More

Image

A. Schulman, Citadel discuss the $800 million deal

April 15, 2015 1:45 pm ET

The $800 million match of materials maker A. Schulman Inc. and Citadel Plastics felt good from the start. “Everything in our first meetings show...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events