Normet Group has aquired a 40 per cent share in Tam International and will begin to sell construction chemicals to complement the company’s concrete spraying equipment. Normet will represent Tam products in areas where Tam is not yet active and, in return, Tam will act as agent and distributor of Normet equipment and services in the UK, Hong Kong, Taiwan and ASEAN.
Normet supplies underground tunneling and concrete spraying services, while Tam is a construction chemicals manufacturer and distributor. Normet, strengthened by its shareholding, will form a close working partnership with Tam and create a broader offering around the tunneling process. This will also enable Normet to cut cost.
Normet chairman Aaro Cantell said “the addition of underground construction chemicals to Normet’s range of mechanised underground equipment is a logical step in our path to becoming the world’s leading expert in selected underground construction processes such as concrete spraying”.
Tom Melbye, COO of Normet Group and managing director of Normet International added, “We have had great results with Tam from our recent co-operation in Hong Kong and Taiwan. This partnership will strengthen Normet’s position in underground construction and mining.”
Victor Bellanti, CEO of Norman Hay plc comments: “This is a strategic alliance which will considerably strengthen both companies. The partnership will bring together the consumable construction chemicals of TAM with the international manufacture and distribution of Normet’s application hardware. Both companies share a common global marketplace in construction solutions for waterproofing, injection and repair of structures together with major constructions projects in civil engineering, tunneling and mining”.
