IULIUS Company purchases the majority shareholding in Carbochim Cluj-Napoca

Mihai Cristea 28/01/2020 | 13:35

IULIUS Company, through Carbo Europe SRL, recently completed the purchase process for the majority shareholding of abrasive materials manufacturer Carbochim Cluj-Napoca and launched a mandatory public bid. This is the fulfillment of the Iași-based real estate developer’s goal to diversify its portfolio, with a focus on the niche industrial production segment.

 

IULIUS is the only Romanian developer and operator of mixed-use real estate projects, as well as one of the top players on the office market, with more than 20 years of real estate experience. The Iași-based company focused on expanding into other domains, more precisely into the production segment. The company is currently the majority shareholder in Carbochim, the largest manufacturer of professional abrasive products in Romania.

“IULIUS Company was fully dedicated to developing landmark regional projects, with powerful impacts in the communities where we are present. We hold a dominant position in the Romanian real estate market, and we wanted to expand our area of expertise into production, with just as much commitment and passion. Thus, we believe that purchasing the majority shareholding in Carbochim Cluj-Napoca is a strategic decision in our activity, as well as a challenge. Carbochim has a notable experience in the field, spanning over more than 70 years, and we believe in its capacity to develop. We are certain that by combining the know-how of Carbochim with the vision and property management expertise of IULIUS we will achieve our common goal, that is to consolidate the growth strategy and add value to the portfolio.” Says Iulian Dascălu, President of IULIUS Company.

The operation of Carbochim will be ensured by the same specialized team that has been involved in the development of the factory to this date. The production, retailing and distribution activity will not be affected and there will be no layoffs.

Established in 1949 in Cluj-Napoca, Carbochim SA is now the largest manufacturer of professional abrasive products in Romania. Catering to an extremely diverse market, Carbochim seeks to offer the best products, manufactured using modern technologies, and also has an implemented and certified integrated management system for quality and environmental management, in line with the requirements under the ISO 9001:2015 and ISO 14001:2015 standards.

Carbochim manufactures ceramic, Bakelite, magnesite and elastic-bonded grinding wheels, cutting and deburring grinding wheels, as well as paper, cloth and unwoven backing coated abrasives used in the processing industry and in constructions, as well as for general and retail use.

Carbochim currently has a distribution system that covers all the geographic regions of Romania, as well as strong commercial connections to countries such as the Czech Republic, Poland, Hungary, Switzerland, Belgium, Germany, and Italy.

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