“We made the decision to buy an adhesive and dry mortar plant to cover the south and southeast areas of Romania,” said Ioan Gadalean, general manager of Cesal. He did not reveal the value of the deal, though.
Cesal’s revenue could reach 31 million lei (about EUR7 million) this year, up more than 50% on 2011, according to the estimates of the company.
Cesal also has adhesive and dry mortar, paint and aluminum sulfate plants in Oradea and Voivozi (Bihor County, NW Romania). After Poland’s Atlas bought 80% in it at the end of 2010, the company started to increase the production capacity of the construction materials plants it owns, following EUR2.5 million investments in 2011 and 2012.
Deutek, a company controlled by investment fund Advent International, is better known for its paint business and posted RON114.5 million (about EUR25 million) in revenue in 2011, according to information on the Finance Ministry’s website. (EUR1=RON4.6205)
(English version by Loredana Fratila-Cristescu)