The shareholders of Fabryo Corporation and Atlas Corporation have reached an agreement on the merger of the two companies’ construction material businesses. The deal will be concluded after the approval of Romania’s Competition Council, the two companies said in a joint press release Wednesday.
In 2011, Fabryo Corporation registered sales of about 123 million lei (EUR27.3 million). Atlas Corporation’s construction material division, which will be reorganized as a separate business (Atlas Paints), posted sales of approximately RON50 million last year.
Fabryo Corporation owns a production facility in Popesti-Leordeni and employs about 270 people. (EUR1=RON4.5037)