Roca Group subsidiary acquires Romanian hardware company

Roca Group subsidiary acquires Romanian hardware company: 11 milionu awọn owo ilẹ yuroopu

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 milionu awọn owo ilẹ yuroopu ($10.73 milionu).

The deal could add as much as 3 milionu awọn owo ilẹ yuroopu, 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. Ninu 2021, the company will have a net profit of 1.71 milionu awọn owo ilẹ yuroopu ($1.67 milionu) and employ 75 eniyan, according to the country’s finance ministry.

ROCA Industry, part of the Roca Group, was established in December 2021 and had a turnover of EUR 41 miliọnu ni idaji akọkọ ti ọdun. Ninu 2022, the company expects a total investment of 40 milionu awọn owo ilẹ yuroopu.

Producing small items of great significance – little heroes who are experts in enhancing other manufacturers’ products in kitchens, bathrooms, awọn ile iwosan, boats, caravans, cafes, awọn ile iwosan, shops and homes

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