Romania’s biggest deals in 2016: Construction Materials&Industry

Newsroom 28/02/2017 | 14:58

Here are the main deals in the food and beverages sectors that were registered last year. For a forecast regarding the mergers and acquisition market in 2017, you can read this exclusive article.

CONSTRUCTION MATERIALS

QuadraCir makes its exit from Alas Romania

Value of transaction: N/A

Legal team buyer: Bulboaca & Asociatii

Legal team seller: RTPR Allen & Overy

Description: QuadraCir, a holding company for a variety of construction and related businesses, made its exit from Alas Romania, a Romanian company specialized in aggregates, concrete, recycling and processing hard stones and other derivatives.

 

BraasMonier buys Elpreco factory

Value of transaction: EUR 8 million

Legal team buyer: Schoenherr, Deloitte (financial)

Legal team seller: D&B David si Baias

Description: Luxembourg-based pitched roof products manufacturer Braas Monier bought the Romanian concrete tile factory Elpreco. Braas Monier Building Group has operations in 36 countries and 118 production facilities and employed around 7,700 people last year.

 

Axxess Capital exits from Industrial Access

Value of transaction: EUR 20-25 million

Legal team buyer: NNDKP

Legal team seller: KPMG and Gabriela Assoum Predescu (legal team)

Description: Axxess Capital sold Industrial Access, a Romanian construction equipment rental and leasing company, to TVH, a Belgium company engaged in manufacturing forklift trucks, aerial platforms and industrial in-plant vehicles.

 

GLASS MANUFACTURING

Saint Gobain buys Pietta Glass Working

Value of transaction: N/A

Legal team buyer: Zamfirescu Racoti & Partners, EY Romania (financial)

Legal team seller: Popovici Nitu Stoica & Asociatii

Description: French Group Saint-Gobain bought 100 percent of the shares of Pietta Glass Working from Valenii de Munte, a company with annual turnover of EUR 20 million. Pietta Glass Working was founded in 2000 by the Pietta family, which has owned a glass processing business for over 40 years. At present, the company sells its products mainly on European markets.

 

PULP AND PAPER

Vrancart buys majority stake in Rom Paper

Value of transaction: EUR 5 million

Legal team buyer: N/A

Legal team seller: Suciu Popa, KPMG Romania (financial)

Description: Vrancart, a listed Ukraine-based company specialized in manufacturing corrugated paper for corrugated cardboard and hygiene papers, bought Rom Paper, a Romanian manufacturer of tissue paper. Through the transaction, Vrancart aimed to consolidate its position on the Romanian market and increase its market share by 30 percent.

 

INDUSTRY

Greenbrier takes over Astra Rail Management

Value of transaction: EUR 60 million

Legal team buyer: KPMG Advisory (financial)

Legal team seller: N/A

Description: Greenbrier, a giant controlled by BlackRock, RBC and Merrill Lynch among others, took over the majority stake in Astra Rail Management, a company that operates three production facilities in Romania (Astra Vagoane Arad, Meva SA and Romvag Caracal).

 

Nidec buys ANA IMEP from Copos family

Value of transaction: N/A

Legal team buyer: La Torre Morgese Cesaro Rio (Italy), Noerr (Romania), EY Romania (financial)

Legal team seller: Tuca, Zbarcea & Asociatii

Description: Japanese Nidec has taken over a 94.8 percent stake in ANA IMEP, which is controlled by the family of Romanian businessman George Copos. The company manufactures washing machine and drying machine motors. Its subsidiary, ANA MEP SDV, makes molds for automobile components and plastic cases. Nidec wants to develop locally an engineering and shared-service center to support its growth strategy in emerging EU markets.

 

OSRAM rolls out regional business spin-off

Value of transaction: N/A

Legal team buyer: N/A

Legal team seller: Wolf Theiss (in nine jurisdictions); Linklaters (German lead counsel to Osram)

Description: OSRAM, a leading global lamps producer, restructured and span off its traditional lamps business in nine different countries: Austria, Bulgaria, Croatia, Czech Republic, Poland, Romania, Serbia, Slovakia and Ukraine, as part of a carve-out in the sale executed by Osram. The new business will have more than 10,000 employees

 

Bekaert Textiles takes over DesleeClama, with production plant in Romania

Value of transaction: N/A

Legal team buyer: DLA Piper Romania

Legal team seller: Allen & Overy

Description: Belgian company Bekaert Textiles took over DesleeClama, which has a production unit in Miercurea Sibiului. The new group will be known as BekaertDeslee Textiles and will become the world’s leading mattress fabric supplier, with 19 production sites and around 2,600 employees worldwide.

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