Arabesque expands Budmax network in Bulgaria

Newsroom 06/11/2007 | 18:14

The announcement comes after the recent opening of the company's first sales and logistics centre in Sofia.
Arabesque's next main targets are Varna, Burgas, Plovdiv and Veliko Trnovo.
The firm last year acquired Budmax, one of the top three DIY chains in Ukraine.
It will invest EUR 27 million in the coming year for future stores both in Romania and abroad.
Outside of Romania, Arabesque operates in the Republic of Moldova, Ukraine and Bulgaria. Its new center in Sofia covers a total warehousing area of 17,500 sqm.
Investments in the Bulgarian construction sector are estimated at EUR 2.6 billion, which accounts for a third of overall investments in Romania, said Arabesque representatives.
This year, the company expects to reach over EUR 450 million in turnover, up 35 percent year-on-year. The company targets a turnover of EUR 1 billion by 2011-2013.
Arabesque was founded in 1994 by businessman Cezar Rapotan and specializes in the distribution of construction and finishing materials to companies and professional users.

Corina Saceanu

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