Norma Group, a developer of metal and plastic engineered joining technology solutions, has acquired R.G. Ray Corp., a maker of heavy duty engineered clamps. No financial terms were disclosed. Norma Group is a portfolio company of 3i Group. Biard advised R.G. Ray on the sale.
R.G.RAY Corporation (“R.G.RAY” or the “Company”) has completed its sale to NORMA Group (“NORMA”), a portfolio company of funds advised by 3i (“3i”). Financial terms of the transaction were not disclosed.
R.G.RAY is a leading designer and manufacturer of heavy duty engineered clamps for use in diesel engine, turbocharger, pump / filtration and commercial vehicle applications, among others. 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.
NORMA is a global leader in metal and plastic engineered joining technology solutions to a wide range of industries, including the marine, chemical, vehicle, aerospace, harvesting, infrastructure and redistributors. NORMA offers in excess of 35,000 products for a variety of industrial applications ranging from emission control, cooling systems, air intake & induction, ancillary systems, and infrastructure to distribution services.
3i is an international leading private equity firm specializing in mid-market buyouts, growth capital and infrastructure investments. With over $13 billion in assets under management, 3i invests in a variety of industries, including business services, healthcare, consumer, media, oil, gas, power, technology, general industries and financial services.