ROCA Industry expands its portfolio with the largest Romanian door manufacturer

by   CIJ News iDesk V
2022-05-19   12:47
/uploads/posts/9480914d7ce99fc8f429bbf6622c12f5e7b1ca66/images/1624773642.jpg

ROCA Industry, the ROCA Investments holding company in the building materials sector, has completed the acquisition of a 70 percent stake in Eco Euro Doors (EED). With sales of more than EUR 13 million in 2021, EED is the largest Romanian manufacturer of doors for residential construction, in a resilient market, despite the regional context.

"With this transaction we are taking forward our mission to amplify the potential of local companies and develop brands made in Romania. Long-term investments are based on a set of values that we observe, and this is a process we do every time we enter a new company. We believe in the power of partnership and we are deeply involved, both with resources and know-how. At the same time, we have a different approach on risks, with an equally focus on opportunities", declared Ionuț Bindea, Investment Manager ROCA Investments, Chairman of the Board of Directors ROCA Industry.

In this transaction, ROCA Industry had been assisted with legal advice by Băncilă, Diaconu and Associates, and on the Eco Euro Doors side the BICF team was involved, in terms of M&A assistance.