NORMA Group, a global market leader in engineered joining technology, signed a purchase agreement to acquire 80 percent of the shares in Fengfan Fastener (Shaoxing) Co., Ltd. (“Fengfan”), based in Shaoxing City, China, on March 28, 2017. The details of the agreement are confidential and will not be published. Subject to approval by the relevant authorities, the transaction is expected to close in the second quarter of 2017.
Founded in 1988, Fengfan manufactures joining products made of stainless steel, nylon and specialty materials. Its portfolio includes cable ties, fastening elements and specially coated, fire-resistant textiles, for example. The company uses
Founded in 1988, Fengfan manufactures joining products made of stainless steel, nylon and specialty materials. Its portfolio includes cable ties, fastening elements and specially coated, fire-resistant textiles, for example. The company uses
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