The business managed by Grass Tech SRL became operational in Romania in 2008, and over the last decade the revenue has fluctuated between RON50 and 60 million each year, with the peak being reached in 2021.
The factory in Romania is located about 2 kilometers from Oradea and 5 kilometers from the Hungarian border, according to public data. The production area occupies 3,240 square meters, plus 2,408 square meters of storage space.
Until the transaction, the factory was owned by the Belgian Novo Tech group, which has several business divisions, including some in the agricultural sector.
The current agreement between Novo Tech and Isosport, however, involved only two factories producing plastics in Romania and Poland, along with a sales office in Belgium.
These production facilities were operated independently, according to Novo Tech’s website. The value of the deal was not disclosed.
(English version by Loredana Fratila-Cristescu)