The merger of DISA Group and the Wheelabrator Group is now complete, having met all the legal requirements for a merger, according to German regulators. The new company has named itself the Norican Group, it says, a name its traces to Norican steel. Norican steel was a material produced in Noricum, an ancient Celtic Kingdom and widely used in the Roman Empire.
“The creation of Norican Group heralds the start of a new, exciting global business,” stated Group president and CEO Robert E. Joyce Jr. “DISA and Wheelabrator combined have the strength, innovation, products and force to shape industry in the future, so we have incorporated ‘Shaping Industry’ into the Group’s logos. The company’s newly-merged knowledge, experience, cultures and ideas will have a positive, influential effect on the industries that we touch, and I look forward to witnessing the great achievements that lie ahead for Norican Group.”
Norican says its organizational strength is based in its two brands: the DISA line of molding machinery; and the Wheelabrator surface-preparation technology. It says it will continue to building, developing, and promoting these brands, using Norican Group as its corporate profile.
Both companies are owned by Mid Europa Partners, a private-equity group that focuses on Central and Eastern European companies. The merger plan was initiated in September 2008.
The organization emphasize that its products address all aspects of part formation (horizontal, match plate and vertical molding) and surface preparation technologies (airblast, wheel blast and mass finishing). It employs 2,200 people on five continents, with major operations in Canada, China, Czech Republic, Denmark, France, Germany, India, Poland, Switzerland, the U.K., and the U.S.
“This is a great day for the company,” Joyce declared, “as we can now begin the business of bringing the combined value of these two great companies to our customers.”
Norican is the New Name for DISA-Wheelabrator Combo
Group promises to continue offering molding, surface-prep product lines