Irimescu plans to invest EUR1.8 million in fully refurbishing the factory in Baicoi.
Mesta is held by Turkish shareholders and Irimescu paid EUR700,000 to take over the production unit. Following the transaction, Mesta was left with a factory in Romania, in Constanta (south-eastern Romania).
The stone comes from Turkey, India and Greece.
The company Mesta Marmura si Travertin SRL reported a turnover of RON14 million in 2017, a profit of nearly RON1 million and on average 49 employees, according to Finance Ministry data. It was established in 2009 and is the local subsidiary of international company Mesta Travertine & Marble, a manufacturer of natural stone materials which holds in Turkey over 25 quarries of marble, travertine and onyx.
Irimescu founded metallic tile manufacturer Depaco, which has three factories in Romania, in Baicoi (Prahova County), Podari (Dolj County) and Saratel (Bistrita-Nasaud County).
Since May 2017, Depaco has been part of Teraplast group, which has gradually taken control over Depaco through several acquisitions of ownership interests from Dragos Irimescu, the former owner of Depaco and the father of the current CEO. Teraplast currently owns 70% in Depaco and the Irimescu Family holds 30%. Teraplast will fully acquire Depaco until 2022.
Depaco had a turnover of EUR40 million in 2017.