“I could easily sell if I wanted to, but profit would not be as high. I’m not saying I will never sell (Duraziv), but I’m not considering it at this time,” Guzu told a news conference Wednesday.
Guzu added he collected some EUR20 million from Swedish Oresa for the full stake in paint producer Fabryo.
Regarding Duraziv, Guzu said he has been approached by various investment funds and international producers, but since he is not interested in selling there have been no clear bids.
Asked whether he would take on partners or float stock in Duraziv, Guzu said he does not have such plans.
“Taking on partners is a sign of weakness, and we have everything we need,” he said.
The company holds a production unit near Bucharest, and it does not plan to expand activity to new plants.
Duraziv sales rose 48% on the year in January-June, to EUR7.8 million, based on new products, good weather for construction works and wider renovation.
For this year, the company plans a 30% hike in sales, to EUR18 million, from EUR13.5 million in 2010.
Duraziv has invested over EUR13 million so far and it is currently unfolding production development projects worth EUR3.5 million.