Kasuwancin Roca yana samun kamfanin kayan aikin Romanian

Kasuwancin Roca yana samun kamfanin kayan aikin Romanian: 11 Yuro miliyan

Romanian building materials holding ROCA Industry, a subsidiary of Roca Group, said on Monday it had acquired local wire products maker Dial for more than 11 Yuro miliyan ($10.73 miliyan).

The deal could add as much as 3 Yuro miliyan, depending on certain performance indicators, ROCA Industry said in a press release.

Earlier this month, ROCA Industry announced the merger by absorbing subsidiaries Sarcom and Colorock13.

Dial was established in 1994 in Harsova in Eastern Romania and produces 15,000 tons of wire per year. A ciki 2021, the company will have a net profit of 1.71 Yuro miliyan ($1.67 miliyan) and employ 75 mutane, according to the country’s finance ministry.

ROCA Industry, part of the Roca Group, was established in December 2021 and had a turnover of EUR 41 million in the first half of the year. A ciki 2022, the company expects a total investment of 40 Yuro miliyan.

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Since its inception, ROCA Industry has acquired 70% of BICO Industries and 100% of Sarcom, Terra, Eco Euro Doors and Dial.