Iranga operates on the technical textiles and construction market, providing solutions based on a complex range of technologies for the production of fiberglass fabrics and composite materials through fabric lamination, an activity similar to one of the business lines of Bico, ROCA Industry officials say.
The deal is conditional on the successful completion of due diligence and any relevant institutional approvals, they added.
(English version by Loredana Fratila-Cristescu)