AdePlast, an over EUR100 million business, makes mortars, polystyrene and paint in the 11 plants in has in Ploiesti, Oradea, Roman and Craiova.
ZF reported in June that AdePlast was being courted by investors interested, and investment bank Alantra, with operations in Europe, United States, Asia and Latin America, was entrusted with finding a buyer.
AdePlast posted 474 million lei (EUR103 million) revenue in 2018, 13% higher than in 2017, according to Finance Ministry data. Exports generated EUR8.4 million of that, as AdePlast shipped products abroad to Hungary, Bulgaria, Republic of Moldova, Austria, Spain and Italy.
Sika has three plants in Romania and posted RON155 million revenue in 2018, according to the Finance Ministry data, 8% higher than in 2017. Sika bought a plant from Arcon, a construction group held by Romanian entrepreneur Ioan Titeiu, last year.
(English version by Loredana Fratila-Cristescu)