NORMA’s latest acquisition to boost its coffers by €2.5 million

Statek, NORMA’s latest acquisition, is expected to add €2.5 million to its bottom line this year.

Statek has produced housings and tension springs for worm-drive hose clamps for many years. In 2017, Statek achieved sales of around €17.2 million, 70% of which was generated with its largest customer, NORMA. Statek supplies other customers in Germany and internationally in the electrical engineering, automotive and reactor technology sectors.

The purchase, announced in June, has now completed.

“Statek’s expertise in stamping and forming technology will enable us to increase the supply reliability of our metal product components and further expand our market share in the field,” said Bernd Kleinhens, Chairman of the Management Board of NORMA Group.