“The construction market in Romania is too small for us to be able to talk about a trend. That last year saw several deals was a one-off, and this year reverted to the normal trend. There are still opportunities out there,” says Florin Vasilica, partner, Strategy and Transactions Leader with EY Romania.
The sale of AdePlast to Switzerland’s Sika, the sale of Siceram to Austria’s Leier, the sale of Pomponio’s concrete division to CRH and the acquisition of Somaco by Holcim were the major deals of 2019, when a number of Romanian companies went to multinationals.
In July 2020, the TerraPlast group, the largest Romanian construction materials manufacturer, with almost 1 billion lei revenue in 2019, reached an agreement with Ireland’s Kingspan – owners of Joris Ide, to sell the Steel division.
Kingspan was already operating in Romania via its construction material manufacturer Joris Ide, which has a construction material plant in Buzias, Timis County.
(English version by Loredana Fratila-Cristescu)