To further expand its market position in the water management business, NORMA Group signed an agreement to acquire Kimplas Piping Systems Ltd. (“Kimplas”) on April 6, 2018. Kimplas is a leading Indian manufacturer of joining technology made of thermoplastic materials. The parties agreed on NORMA Group purchasing 100 percent of the shares in Kimplas and that they would maintain confidentiality with respect to the other transaction details. The transaction is expected to close by mid-2018.
Kimplas is headquartered in Nashik in the West Indian state of Maharashtra. The company has been developing and manufacturing injection-molded parts, among other products, since
Kimplas is headquartered in Nashik in the West Indian state of Maharashtra. The company has been developing and manufacturing injection-molded parts, among other products, since
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