Through this move, Mapei Romania targets to operate under a single legal entity and to strengthen its foothold on the Romanian building materials market.
Florin Ciobanu, general manager of Mapei Romania, said the decision to absorb Polyglass in Romania, which was planned ever since 2015, was based on internal analyses and one its purposes is to boost sales by two percentage points until the end of 2016.
In 2008, Mapei Group completed the acquisition of Polyglass globally for the purpose of extending its range of products on the hydro-insulation segment. The merger through absorption in Romania entails the gradual assimilation of Polyglass, but MAPEI will keep its current management.
Mapei Group, founded in 1937 in Milan (Italy), delivers over 20,000 products daily. It has 68 factories in 32 countries and 8,500 employees. Worldwide, the company registers a turnover of EUR2,5 billion. The basis of the Romanian division was laid in 2006 by founding Mapei Romania, as part of the group’s internationalization strategy. Mapei Romania’s portfolio includes over 300 products and its turnover exceeds EUR10 million.
Polyglass is a leading manufacturer of synthetic and modified bitumen roofing and waterproofing membranes, insulation, roof coatings and elastomeric coatings for low-and steep-slope applications.