ROCA Industry attracts 50 million RON from investors, prepares for listing on the stock exchange in 2022

ROCA Industry, a construction materials holding company, which brings together all the companies in the ROCA Investments portfolio in this field of activity, announces the successful closure of the private placement for its shares and the attraction of 50 million RON from investors.

The shares of the holding company will be listed on the AeRO market of the Bucharest Stock Exchange at the beginning of next year. The private placement was brokered by BT Capital Partners, while Cornerstone Communications assisted the company as an Authorized Consultant. In terms of legal issues, ROCA Industry was assisted by the law firm Filip & Company.

“Given that the capital market is no longer enjoying the exuberance that has characterized this year, the success and scope of this private placement confirms that investors remain attracted to a project that brings together an attractive business model, a successful management team and a correct assessment of the entry price. This success makes us happy, motivates and makes us responsible. We are grateful to all those who have expressed their confidence, investing with us in this project. The commitment of the management team is about commitment, transparency and long-term thinking,” said Rudolf Vizental, CEO of ROCA Investments.

ROCA Industry is the first holding company for construction materials to be listed on the AeRO market of the Bucharest Stock Exchange and is the first strategic project of ROCA Investments, which groups under the umbrella of a specialized holding company Romanian companies producing construction materials. ROCA Industry currently comprises BICO Industries, the largest domestic manufacturer of fiberglass mesh and fiberglass fittings and one of the largest manufacturers in Europe and Sarcom, one of the largest manufacturers of paints and varnishes from Romania.

The holding company intends that in the next three years, through organic development and M&A consolidations with other companies in the same field, to have in its composition 10-12 complementary companies that will allow the generation of synergies. Regarding the selection criteria, the considered companies must be entrepreneurial, with a turnover of over 40-50 million RON and a percentage of EBITDA of 15-20 percent.