3i backed NORMA Group acquires R.G.Ray
NORMA Group acquires American provider of specialised engineered joining technology solutions complementing its innovative product range
NORMA Group, the global leader in metal and plastic engineered joining technologies, acquired R.G.RAY Corporation, USA on May 21st.
R.G.RAY is a leading designer and manufacturer of heavy duty engineered clamps for use in engine, pump / filtration, aircraft, commercial vehicle and industrial applications. Serving over 450 customers, R.G.RAY has developed long-standing relationships with a diverse group of global manufacturers. R.G.RAY’s industry leadership and application driven approach to product design has solidified its market position among global competitors within the heavy duty engineered clamps industry. The acquisition will help NORMA to further strengthen its presence in North America and also to extend its product range in international markets.
“As the number one solution provider of engineered joining technologies the acquisition of R.G.RAY significantly strengthens NORMA Group’s product portfolio to the benefit of our customers globally”, said Werner Deggim, CEO of NORMA Group. “Besides our strong innovation pipeline we will continue to look for further opportunities to complement our existing product portfolio and global market reach”.
“Becoming a part of NORMA Group is a perfect fit for R.G.RAY. We believe that the combination of both businesses is a great opportunity for our companies. Our customers will widely benefit by getting access to a significantly extended solution range. The global presence and reputation of NORMA Group will enable a wider distribution of the engineered products we are proud to have developed”, said Dan Mitrano, CEO of R.G.RAY Corporation.
3i is an international investor focused on buyouts, growth capital and infrastructure, investing in Europe, Asia and North America. Our competitive advantage comes from our international network and the strength and breadth of our business relationships. These underpin the value that we deliver to our portfolio, shareholders and fund investors.
For further information please contact:
Kathryn van der Kroft
tel. +44 207 975 3021