The deal will be in the tens of millions of euros, according to ZF calculations based on market data.
Somaco had sales of RON212.6 million and a net profit of RON18.8 million in 2018, according to finance ministry data.
The deal requires antitrust clearance and LafargeHolcim expects it will be closed in the fourth quarter of 2019.
“This is our sixth bolt-on acquisition this year and we are delivering on our commitment to further develop our Solutions & Products business segment as part of Strategy 2022 – ‘Building for Growth’. The acquisition enables LafargeHolcim to enter Romania’s fast growing precast concrete market and to become an integrated solutions provider for our local customers,” said Jan Jenisch, CEO of LafargeHolcim.
Oresa Ventures was advised by Popovici Nitu Stoica&Asociatii, and LafargeHolcim worked with Filip&Company on this transaction.