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RocaGroupsubsidiaryacquiresRomanianhardwarecompany

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  2. Wothandizira wa Roca Group amapeza kampani yaku Romania ya hardware

Wothandizira wa Roca Group amapeza kampani yaku Romania ya hardware

Nkhani 17584 Mawonedwe

Wothandizira wa Roca Group amapeza kampani yaku Romania ya hardware: 11 miliyoni mayuro

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 miliyoni mayuro ($10.73 miliyoni).

The deal could add as much as 3 miliyoni mayuro, 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. Mu 2021, the company will have a net profit of 1.71 miliyoni mayuro ($1.67 miliyoni) and employ 75 anthu, according to the country’s finance ministry.

ROCA Industry, part of the Roca Group, inakhazikitsidwa mu December 2021 and had a turnover of EUR 41 Miliyoni theka theka la chaka. Mu 2022, the company expects a total investment of 40 miliyoni mayuro.

Producing small items of great significance – little heroes who are experts in enhancing other manufacturers’ products in kitchens, mabafa, zipatala, boats, caravans, mabokosi, zipatala, shops and homes

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

 

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