Cemacon completes merger with Euro Cărămida SA

Cemacon, the leader of the ceramic block market in Romania, controlled by the Paval brothers, is completing the merger process with Euro Cărămida SA. The acquisition of Euro Cărămida SA by Cemacon in 2023 involved a total investment of over EUR 30 million. This amount included both the transaction value and the financing for the modernization projects planned in the following years.

"In approximately a year and a half, we managed to transfer know-how and invest in re-technologizing, thus capitalizing on the resources of the acquired company. Today, we welcome customers with an extensive and diversified portfolio of construction materials, with prompt and efficient services, as well as better logistics coverage in the western part of the country. In addition, the cost optimization and operational efficiency resulting from this merger will allow us to offer more competitive prices, thus supporting our partners in the growth and development of their businesses,” declares Daniel Șologon, CEO Cemacon.

“With the completion of the merger, we are entering the final stage to initiate the export of key products, made from 100% natural Romanian clay. This strategic step will open up new opportunities and strengthen the presence of the Cemacon group in the region,” adds Daniel Șologon.

Source: Profit.ro