Alantra advises Adeplast on its sale to Sika AG
Vienna / Ploiesti – Alantra, the independent global mid-market investment banking, asset management and portfolio advisory firm, today announced it has advised the owners of Romanian Adeplast on the sale of the Company to Sika AG. The transaction is subject to customary closing conditions. The value was not disclosed.
Headquartered in Ploiesti, Romania, Adeplast produces a wide range of building mortars as well as thermal insulation (EPS) for building envelope solutions. The company operates four state-of-the-art production plants which provide a nationwide coverage of Romania and offer the potential to serve neighboring countries as well. With 470 employees, Adeplast generated revenues of €102m in 2018.
The buyer, Sika AG, is a Switzerland-based, Zurich-listed global specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry.
Daniel Stancescu, CEO of Adeplast: “Alantra was a strong and consistent partner for us over the last months and decisive for achieving this transaction. We highly appreciate the team’s effort, diligence and persistence, allowing us to secure a deal that will allow Adeplast to further grow as a leading player in Romania and the region”. Klaus Vukovich, Managing Partner of Alantra Austria & CEE, added: “This transaction represents a landmark deal in the CEE building materials sector, and we are proud to have played an instrumental part in it. We are grateful for the trust that the late Mr. Marcel Bărbuț placed in us to find a home for his impressive company and to the Bărbuț family for their support over the last months”.
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