Pickering Pacific is delighted to announce that it acted as financial advisor to NORMA Group, a global market and technology leader for engineered joining technology based in Germany, which has signed an agreement to acquire an 85% stake in Chien Jin Plastic on 15 October 2012.
Chien Jin Plastic is based in Ipoh, Malaysia, and principally manufactures thermoplastic joining elements, in particular for drinking and domestic water distribution and irrigation systems.
This transaction is the first acquisition in Asia by NORMA Group.
Werner Deggim, CEO of NORMA Group, declared: “This acquisition of the majority in Chien Jin Plastic shares reinforces our presence in the growth region Asia-Pacific and is a valuable enhancement to our product portfolio in particular in the drinking water distribution market”.
For further information, please contact Peter Buerger, Jacques Pickering or Richard Inglis at Pickering Pacific (+65 6225 9128 – email@example.com).