Roca Industry signs agreement to acquire Workshop Doors

Roca Industry announces that, on August 18, its subsidiary Eco Euro Doors (EED) signed the sales and purchase agreement for the acquisition of 70 percent of the share capital of Workshop Doors.

Workshop Doors is a company active on the interior door market in the region since 2009, with two production facilities in Reghin and Petelea. With 184 employees and a turnover of 10.5 million Euro (at the end of 2022), the company exports a considerable percentage of its production.

“The acquisition of Workshop Doors is in line with Roca Industry and EED strategies and development plans. It comes with several benefits for both companies, including as a result of the synergies that can be used to optimize costs, increase production capacity, diversify the portfolio with new and competitive products, covering all price segments and ensuring a varied offer of products available on both the Romanian and foreign markets,” a release shows.

The closing of the transaction will take place until the end of year 2023, together with the transfer of ownership. Also, under the terms and conditions of the transaction, EED has the possibility to acquire an additional 30 percent of the share capital of Workshop Doors.