Roca Groups dotterbolag förvärvar rumänskt hårdvaruföretag

Roca Groups dotterbolag förvärvar rumänskt hårdvaruföretag: 11 miljoner euro

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 miljoner euro ($10.73 miljon).

The deal could add as much as 3 miljoner euro, 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. I 2021, the company will have a net profit of 1.71 miljoner euro ($1.67 miljon) and employ 75 personer, according to the country’s finance ministry.

ROCA Industry, part of the Roca Group, etablerades i december 2021 and had a turnover of EUR 41 miljoner under första halvåret. I 2022, the company expects a total investment of 40 miljoner euro.

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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.