The Bucharest office of Schoenherr is reporting that it is assisting the BraasMonier group in acquiring the Elpreco concrete tile plant in the southern Romanian city of Craiova from the CRH group. D&B David and Baias advised the sellers on the transaction, which is valued at RON 33 million (approximately EUR 8 million).
The BraasMonier group has announced that, going forward, the products of the former Elpreco factory will be sold under the brand name Getica. According to the BraasMonier group, the transaction will generate revenue worth some RON 22 million by 2019 and an operational profit of some RON 7.5 million. The group is represented locally by Bramac, a company selling the group’s products under the brand name Schiedel.
The Schoenherr team involved in the project was coordinated by Local Partner Madalina Neagu, and included Attorneys Alexandra Munteanu and Anda Tufan.
The team providing assistance to Elpreco consisted of Partner Anda Rojanschi, Associate Madaline Dobre, and Associate Adina Oprea.
