ROCA Industry completes transaction to acquire Workshop Doors
Building materials holding ROCA Industry announces the completion of the transaction for the acquisition of 70 percent of the share capital of Workshop Doors. The price of the transaction is 30 million RON. The holding company has the option to acquire an additional 30 percent of the shares issued by Workshop Doors.
Workshop Doors, present on the interior door market since 2009, operates with two production facilities, located in Reghin and Petelea, Mureș county. In the last financial year, related to 2023, the company achieved an estimated turnover of 48.8 million RON and EBITDA of over 12 million RON, exporting a significant proportion of its own production.
“This acquisition underlines the firm commitment of ROCA Industry to strengthen its position in the market of construction material manufacturers by adding a new important player in the holding. The Experience in the sector of interior doors, accumulated in recent years by the ROCA Industry team through Eco Euro Doors, but also the know-how of the Workshop Doors founder who remains with us, represents a premise of success for improving processes both at the operational, commercial and supply channel levels. With this step, we are entering a new stage of development and scaling of the holding, having the ability to create a reference player at the European level,” declares Ionuț Bindea, CEO of ROCA Industry.
The acquisition process was initiated on August 18, 2023, through Eco Euro Doors, which subsequently assigned to ROCA Industry the sale-purchase agreement, together with all related rights and obligations.
ROCA Industry continues in 2024 the strategy of consolidating the portfolio, through organic growth, but also mergers & acquisitions (M&A) processes, which will lead to the expansion of the commercial activities of its companies.
ROCA Industry is the industrial holding company majority owned by ROCA Investments, the most dynamic private equity company in Romania. The holding directly and indirectly owns a number of 9 companies – performers in the specific sectors of activity: BICO Industries (the first and largest national producer of fiberglass mesh and the only domestic producer of fiberglass reinforcements), EVOLOR (one of the biggest players in the paint and varnish production industry), ECO EURO DOORS (the largest Romanian producer of doors for residential constructions), WORKSHOP DOORS (the second largest Romanian producer of doors for residential constructions), DIAL ( producer of metal wire products), ELECTROPLAST (one of the most important producers of electrical cables), as well as the fiberglass producers Terra, Europlas and Iranga, through BICO Industries.