The loan, to be reimbursed in a 12-month period, granted under market conditions, will be used by EED for financing acquisitions and its current activity.
Roca Industry’s Board of Directors approved the loan at its meeting of July 27.
Roca Industry’s Board of Directors approved the adoption of the decision of the Sole Associate of EED as regards contracting from Raiffeisen Bank S.A. of a loan in the form of an overdraft in the maximum amount of RON3 million, for a period of 12 months, for financing EED’s current activity, as well as contracting from Raiffeisen Bank S.A. of a loan in the form of a term loan, for a period of 60 months, in the maximum amount of RON3.25 million, for partially financing the costs of purchasing some equipment necessary to carry out the company’s current activity.
On July 25, 2023, ROCA Industry announced its intention to acquire, via ECO EURO DOORS, part of the holding, a stake in interior door manufacturer Workship Doors, which owns two production units in Reghin and Petelea, Mures county.
The deal has not been sealed, yet, and it will be subject to an internal review process and approvals by the Competition Council, or other competent authorities, as needed.
Via this new acquisition, ROCA Industry wants to expand the production capacity of ECO EURO DOORS and diversify the door range with new and competitive products on Romania’s market.
Roca Industry operates and implements its business strategy via the companies it owns directly or indirectly, namely, Evolor, Eco Euros Doors, Dial, Terra, Europlas and Iranga, through BICO Industries.