The shares were sold by Austrian group Herz Armaturen, which had held control over the company for almost two decades.
The deal, sealed at a price of RON0.162 per share, marks the Austrian group’s exit from the shareholding structure of a company with an over 100-year history in the sanitaryware equipment industry.
In recent years, Armatura has struggled financially and witnessed a significant production decline. The company in 2024 posted turnover of around RON1.7 million and RON12,000 profit.
Microfruit’s deal brings an unexpected profile change for Amatura. The company’s takeover is likely to be part of a diversification strategy, but also a bet on reviving a traditional company under decline.
The deal has a symbolic signification: a Romanian agricultural company buys a historic industrial plant, while a foreign group leaves Romania.
(English version by Catalina Apostoiu)