Both companies are active in the same industry and BICO plans to increase the production capacity of Terra Impex by 50%.
BICO Industries is 70% held by Roca Industry, a holding-type company established by ROCA Investments and registered under the name of HOLDINGROCK1. The remaining 30% stake is held by BICO founder, Mihai Birliba.
BICO Industries has two production centers, in Vaslui and Piatra Neamt, respectively.
“We have a three-pillar development strategy, the first one being the production capacity increase by 50% of the factory in the Republic of Moldova (Terra Impex SRL), with a goal of 30 million square metres/year. The total value of the investment plan, including the acquisition, is RON19 million. Meanwhile, by the end of April we shall complete a RON12 million investment plan to expand by 30% the production capacity of the BICO factory in Vaslui. Last but not least, we are starting an investment plan in the Piatra Neamț factory, with an estimated total value of RON44 million, for the development of new business lines in the technical textile industry, to fuel the innovation strategy of our organisation,” said Adrian Butuc, CEO of BICO Industries.
BICO Industries had a turnover of RON83.9 million in 2021 (+46% vs 2020) and an EBITDA of RON7.7 million, resulting an EBITDA margin of 10%.
ROCA Investments launched the holding-type company in 2021 to bring together the companies in the portfolio that operate in the field of constructions. Currently, the holding includes Bico Industries and paint and coatings producer Sarcom, and Terra Impex.