SIPEX and Menlo Electric join forces to deliver solutions for photovoltaic projects in Romania

SIPEX, one of the largest distributors of construction and finishes materials from Romania, listed on the Bucharest Stock Exchange, on the AeRO market (symbol SPX), with over 27-year presence in this segment, announces a partnership with Menlo Electric, one of the leading providers in the photovoltaic components market. Through this partnership, SIPEX aims to deliver a complete package for photovoltaic projects, including solar panels, storage batteries, inverters, and cables.

Irinel Gheorghe, CEO SIPEX: “SIPEX has a clear strategy for organic growth and development by expanding its range of complementary products and continuously adapting its portfolio to market opportunities. The partnership with Menlo Electric supports all those who wish to transition to sustainable energy, including through the ‘Casa Verde 2024’ program. With nationwide coverage and in collaboration with Menlo Electric, one of the largest suppliers of photovoltaic solutions in Europe, leveraging their experience and technical and logistical support, we will offer complete solar energy production solutions through all our sales channels—traditional retail, B2B, and online.”

Adrian Stan, Country Manager for Romania and the Balkans at Menlo Electric: “The collaboration with SIPEX, one of the largest players in the building materials distribution market in Romania, with a strong sales team, will allow us to facilitate access to high-quality equipment for photovoltaic plants, thereby contributing to the development of renewable energy in the country. Menlo Electric has experienced rapid and significant growth in the photovoltaic industry, a success based on our international expansion strategy and strong partnerships with renowned suppliers. We anticipate that 2025 will bring significant growth in solar energy in the region, and through such partnerships, we are well-prepared to meet the demand.”

Over the past two years, SIPEX has expanded its product range by partnering with Policolor-Orgachim, the leader in paint and lacquer technology in Southeast Europe, and TeraPlast, the largest polymer processor in Central and Eastern Europe, for the distribution of a complete underfloor heating system tailored to current consumer needs, developed under the NeoTer brand.

SIPEX provides technical consultancy services and has the capability to represent and promote a new supplier’s products in the Romanian market, covering commercial, technical, logistical, and distribution aspects.

SIPEX operates with an integrated business model, organized into three business lines: sales and distribution of construction and finishes materials, services (technical consultancy), and sales of finished colored products.