CITR and Prime Insolv Practice SPRL facilitates the sale of the Dan Steel Group wire factory

The Dan Steel Group Beclean wire factory, one of the most important companies in the Romanian metallurgy industry, in bankruptcy, was sold at a public auction for EUR 7.5 million to Intertranscom Impex SRL, manufacturer of welded mesh from Bacău. The new owner plans to restart production and to retransform the factory in one of the main employers in Beclean.

"We have succeeded, following a comprehensive and rigorous process, to identify viable investors for one of the companies that played a key role in the metallurgy industry. Through this successful transaction, we set the stage for the continued efficient development of the metallurgy industry in Romania and we manage to save another important objective from the history of Romanian business," said Andrei Besoiu, Sales Manager, CITR Cluj.

The factory sold is located at Strada Valea Viilor no. 3, in Beclean, Bistrița-Năsăud county. The asset is represented by the wire production factory for hard and soft wires, respectively derivative products from wire, welded meshes, nails, fence panels, barbed wire, and consists in 406,606 sqm of land, buildings and the associated equipment.