NORMA Group acquires Portuguese metal clamp manufacturer LifialMaintal, Germany, January 16, 2017 – NORMA Group, a global market leader in engineered joining technology, acquired Lifial – Indústria Metalúrgica de Águeda, Lda. (“Lifial”) on January 12, 2017. The two parties agreed not to disclose the details of the transaction.
Lifial, based in Águeda, Portugal, has been manufacturing metal clamps for 28 years for use in industry and agriculture. Its portfolio includes heavy duty clamps, pipe supporting clamps, and U-bolt clamps for mounting antennas and solar modules. The company employs around 100 people and sells its trademark products directly and through distributors to a wide range of customers in Europe and North Africa. Annual turnover was around EUR 8 million in 2015.
“Lifial has grown profitably over the last few years. With the acquisition, we are strengthening our product offering in the Distribution Services business and our market position on the Iberian Peninsula and across Europe. We are also adding new customers in North Africa through the acquisition,” says Werner Deggim, CEO of NORMA Group.
The Distribution Services business area of NORMA Group comprises high-quality, standardized joining products for different fields of application. These products are sold through various distribution channels under the brands NORMA, ABA, Breeze, CONNECTORS, NDS, Serflex, Terry, Torca or Gemi.