Roca Industry has completed the acquisition of 70% of Workshop Doors' share capital for €6m. As per the terms of the deal, Roca Industry can also opt to purchase an additional 30% of Workshop Doors' shares.
Workshop Doors has been operating in the interior door market since 2009, and it has two production facilities in Reghin and Petelea, Mures county. In the previous financial year (2023), the company achieved an estimated turnover of €9.8 million and an EBITDA of over €2.4 million, with a significant portion of its production exported.
"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 Ionu? Bindea, CEO of ROCA Industry.
Image provided by 99 World Wide.
Europe Real Estate — an overview of real estate developments in European countries.