Bucharest Romania based ROCA Industry has signed the contract for the full takeover of Dial, a company with over 20 years of experience in the manufacture of wire products, such as fence panels, from the company’s founder Mr Vasile Rosu. The price agreed was set at EUR 14 million. The purchase price is to be paid in part at the completion of the transaction, which is currently subject to the approval of the Competition Council. The rest of the money shall be paid in the first quarter of 2023 at the latest. Based in Harsova in Constanta, Dial is present in Romania through DIY, do-it-yourself, chains, construction materials distributors and retailers. About 10% of turnover is generated by exports, but the prospects are to increase its presence in foreign markets. Specializing in fence edging panels, wicker fence mesh, Rabitz mesh, rectangular poles and more, the company has investment plans totaling approximately RON 40 million (EU 8 million). They include the completion of a new production hall in Apr-Jun quarter of 2022, the increase of production capacity, but also the development of new business lines.Through this transaction, signed on 28 April, ROCA Industry continues to strengthen its presence in the construction materials industry and to invest in Romanian companies, in a regional context in which the effects of the war in Ukraine put pressure on the economy. ROCA Industry is listed on the AeRO market of the Bucharest Stock Exchange, starting in 2022. In the first half of the year, since its establishment, ROCA Industry has grouped in its holding company companies such as BICO Industries (70%), Sarcom (100%) and Terra (100%), are in the process of finalizing the transaction to take over the package. majority (70%) of Eco Euro Doors, and now has signed for the full takeover of Dial.
Bucharest Romania based ROCA Industry has signed the contract for the full takeover of Dial, a company with over 20 years of experience in the manufacture of wire products, such as fence panels, from the company’s founder Mr Vasile Rosu. The price agreed was set at EUR 14 million. The purchase price is to be paid in part at the completion of the transaction, which is currently subject to the approval of the Competition Council. The rest of the money shall be paid in the first quarter of 2023 at the latest. Based in Harsova in Constanta, Dial is present in Romania through DIY, do-it-yourself, chains, construction materials distributors and retailers. About 10% of turnover is generated by exports, but the prospects are to increase its presence in foreign markets. Specializing in fence edging panels, wicker fence mesh, Rabitz mesh, rectangular poles and more, the company has investment plans totaling approximately RON 40 million (EU 8 million). They include the completion of a new production hall in Apr-Jun quarter of 2022, the increase of production capacity, but also the development of new business lines.Through this transaction, signed on 28 April, ROCA Industry continues to strengthen its presence in the construction materials industry and to invest in Romanian companies, in a regional context in which the effects of the war in Ukraine put pressure on the economy. ROCA Industry is listed on the AeRO market of the Bucharest Stock Exchange, starting in 2022. In the first half of the year, since its establishment, ROCA Industry has grouped in its holding company companies such as BICO Industries (70%), Sarcom (100%) and Terra (100%), are in the process of finalizing the transaction to take over the package. majority (70%) of Eco Euro Doors, and now has signed for the full takeover of Dial.
