Mapei has announced the acquisition of a production plant in Ruse (Bulgaria) from Orgachim, a Bulgarian company that manufactures varnishes and paints.
Mapei, a worldwide leader in
the manufacture of adhesives, sealants and chemical products for the
construction industry, has announced the acquisition of a production plant in Ruse (Bulgaria)
from Orgachim, a Bulgarian company that manufactures varnishes and paints. This
plant is dedicated to the production of ceramic tile adhesives and thermal
insulation systems. The plant, located in a strategic position at the border
between Romania and Bulgaria,
consists of an area of more than 15.000 square meters.
“This acquisition is
oriented to allow Mapei to strengthen its presence not only in Bulgaria but also in Romania,
where the Group is currently operating through its local commercial subsidiary,
said Veronica Squinzi, Global Business Development Director of Mapei Group. “Our
investment also proves that, despite the slump in the construction industry
that has been caused by the economic crisis, the Mapei Group keeps looking at
the countries of Eastern Europe in order to
maximize any attractive opportunities from new and growing markets.”
As a result of this
acquisition, Mapei Group currently owns 56 production plants over the world.
The company has had a presence in Bulgaria for some time thanks to
several local distributors. The
acquisition of the new production plant in Ruse
will allow Mapei to assure its customers a constant presence in Bulgaria and to
develop a range of products properly customized for local clients’
Mapei Bulgaria will
be managed by Plamen Petrov, newly appointed general manager, who will
capitalize on his experience in the construction industry in the Bulgarian
market to maximize the development of the company. Production in the Bulgarian
plant will be at full capacity starting in 2010.