The company’s development will continue under the same formula of joint control and partnershop between the company’s founder and CEO, Florin Deznan, and ROCA Investments.
At the same time, RDF bought out Adidana, a major national chemical fertilizer wholesaler, with future plans including the takeover of other players on the agribusiness market.
“Through this deal, ROCA supports RDF, one of the most important companies in its portfolio, in clinching its first M&A transaction. (…) Through this process, of industry consolidation, territorial expansion through M&A, RDF will function as a holding-type company continuing its fast development both through organic growth and direct acquisitions of farming companies,” stated Alexandru Savin, Investment Manager at ROCA Investments.
RDF Arad, a major regional distributor of agricultural inputs and also an agricultural producer, in 2021 completed EUR5.7 million investments in warehousing solutions, tech and machinery after in 2020 reshuffled each business line, introduced new procedures, expanded its team and as a result boosted turnover by pber 65%, to EBITDA of RON4.3 million.
In 2021, turnover surged by 40%.
(English version by Catalina Apostoiu)