The price will be paid in part upon completion of the deal, which is now subject to approval by Romania’s competition watchdog and the rest of it in the first quarter of 2023 at the latest, ROCA Industry representatives said in a notification to the Bucharest Stock Exchange.
Established in Harsova, Constanta, in 1994, Dial started by making plugs and hose. It later expanded by buying a line that allowed it to make chicken wire and after that added more equipment and wire products.
It posted EUR12 million revenue in 2021 and budgeted EUR8 milion investments for this year.
(English version by Loredana Fratila-Cristescu)