After the transaction has been completed, Proinvest Group will remain involved as a minority partner alongside Lattonedil in the production of sandwich panels, in a newly created entity, Lattonedil Romania. Thus, Proinvest’s founder and CEO, Vasile Sandu, is not leaving the business completely, but will continue to contribute to the development of local operations together with the new partner.
Proinvest Group, established in Pascani, Iasi County, in 2000, specializes in the design and manufacture of steel components, systems for construction and industry. It owns several manufacturing facilities in Iasi County. It has grown steadily in recent years, driven by high demand in the industrial and logistics construction sector, where thermal insulation panels are essential for the rapid construction of halls and warehouses.
Lattonedil, based in Italy, is a leading European group in the production and marketing of thermal insulation panels, and its entry into the Romanian market through this acquisition gives it direct access to one of the most dynamic construction sectors in the region.
Law firm RTPR assisted the Romanian party in this deal. The team was led by Cezara Urzica and Andrei Nicolae, under the supervision of partner Mihai Ristici.
(English version by Loredana Fratila-Cristescu)