NEWS Max Mothes assets acquired In a deal completed on 17th
4,000 customers to help stabilise the business. Most of the company’s 230 employees were expected to
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transfer to the new Max Mothes. One company site in Neuss, which houses both a distribution centre and manufacturing facility for special fasteners, will be retained. Max Mothes also previously operated from a historic site within the city of Düsseldorf. The company had sales of around 42 million euros in 2010 and carries more than 80,000 stock lines. In a competitive bidding process Schuering & Andreas was
identified by administrators Kebekus & Zimmermann as the investor with “the best continuation and strategy concept” for the business. “Schuering & Andreas are known as turnaround- experts, having repeatedly bought insolvent companies and developed them as profitable enterprises with their long-term
August the administrator sold the assets of the insolvent Max Mothes GmbH to Schuering & Andreas Group.
ax Mothes had continued to trade during the preliminary insolvency proceedings, which started four months ago, and the company is said to have maintained intensive communication with more than
investment horizon,” said insolvency administrator Dr. Frank Kebekus. “The purchase price and the over-all concept have been able to convince us and deliver the best possible result for all parties involved.” The actual purchase price and detailed terms of the deal have not been released. Schuering & Andreas is a group of entrepreneurs active in four
companies with 13 production facilities, around 1,100 employees and an annual turnover of around 150 million euros. The group acquired Honsel Umformtechnik from administration in 2002 and also owns VVG Befestigungstechnik GmbH & Co. A number of other group companies in differing market sectors were acquired from administration or were the result of buy and build or growth financing strategies. The group says the goal of its investments “is the preservation and/or creation of independent enterprise units, characterised by a futurable market position and a lasting yield capacity”. It is committed to operating successful industrial production in Germany with “lean structures and costs, efficiency, quality and innovative products”.
NORMA generates record sales and earnings
NORMA Group AG continues its growth path after a successful IPO in April 2011, with the company increasing its sales considerably by 28.3% to 296 million euros (H1 2010: 231 million euros) for the first half of 2011.
he company reports that 19.9% of this came from organic growth, with acquisitions accounting for 9.7%. NORMA Group’s adjusted operating earnings (adjusted EBITA) rose to 54 million euros, an increase of 28.1% over the 42 million euros achieved in the first half of 2010. The adjusted EBITA margin came to 18.2% in the first half of 2011, on a par with the first half of the previous year.
“We are extremely satisfied with the development of business. Our outstanding performance in the first half of 2011 confirms that
our growth strategy is working and reinforces our leading position in the global market for high-quality joining technology,” said Werner Deggim, CEO of NORMA Group. In a positive business environment, demand for NORMA Group’s engineered joining technology and system solutions was high
across all of its customer segments and regions in the first six months of the year. NORMA Group acquired new customers and orders for newly developed products and improved its sales in its three regional
reporting segments – EMEA (Europe, Middle East, Africa), the Americas and Asia-Pacific. The first half of 2011 also saw the company expand its production capacities with new centres in Thailand and Serbia. “By opening new production facilities we are expanding our global network and strengthening NORMA Group’s presence in the emerging markets. Our decentralised structure gives us excellent proximity and access to our customers,” added Deggim.
bigHead appoints new distributor in Denmark and Norway
bigHead Bonding Fasteners Ltd has announced the appointment of Icom Composites as its new distributor partner in Denmark and Norway.
M
artin Cowell, SD of bigHead goes on to explain: “We have seen a considerable increase in demand for our products from the composite sector and as a result have appointed ICOM Composites A/S as our partner to better serve this sector. ICOM’s knowledge of composites and local technical support will enable us to service this growing market.” He adds: “Such partnerships represent a key part of bigHead’s strategic growth, improving international customers’ access to
our products with high quality local support.” ICOM Composites has been a distributor of raw materials to the composites industry in Scandinavia since 1990. Supplying customers with materials, know-how and support, the bigHead products complete ICOM’s programme from design to the end product.
18 Fastener + Fixing Magazine • Issue 71 September 2011
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