The two plants were part of the Aplast group founded in 2000 and were sold to CEE Special Situations Fund’s Anaberger group, which specializes in investments in ailing companies on emerging markets.
“The Anaberger group makes controlled investments in entities and industries faced with operating, management and financial challenges that need to effect significant change such as turnarounds and financial and operational restructuring,” says Romania’s competition watchdog in a decision greenlighting the deal.
The Aplast Wood Industry (Ilfov) and Glass District (Prahova) plants posted about 25 million lei (EUR5.6 million) revenue and more than RON6 million losses in 2014, according to the latest data available. The two had more than 150 employees.
(English version by Loredana Fratila-Cristescu)