The remaining shares in BICO are held by the company’s founder Mihai Bîrliba. BICO Industries is the first and largest Romanian manufacturer of fiberglass mesh and the only local manufacturer of fiberglass reinforcement.
Roca acquired the first stake of 30% in Bico in the summer of 2020.
Subsequently, BICO increased its production capacity and its turnover grew by 30% to RON67.7 million and its net profit surged 81% to RON5.1 million on the year in 2020.
Both BICO factories have a surface area of almost 38,000 square meters, over 18,000 sqm of industrial buildings and a total 240 employees.
Besides BICO, ROCA also holds ownership interests in Romcargo Maritim (port operator), RDF Arad (agribusiness), Electroplast (manufacturer of electrical conductors and electrical cables), MECANEX (irrigation pump manufacturer), Piscicola (fish farm), Artesana (dairy company), CAHM (producer and distributor of hotel cosmetics and accessories), Yellow.Menu (online restaurant) and Sinteza (chemical industry). The 13 companies in its portfolio (of which two inactive) had a combined turnover of EUR98 million and an operating profit (EBITDA) of EUR5 million in 2020.
ROCA Investments is a holding-type company providing capital solutions and active partnership for consolidating Romanian small- and medium-sized enterprises (SMEs).