ROCA Industry announces the full acquisition of Workshop Doors through the purchase of an additional 30% stake in the company’s share capital. The company entered ROCA Industry’s portfolio in February 2024 with the acquisition of the initial 70% stake.
Workshop Doors is the second largest manufacturer in the interior door market in the region, with two production facilities in Reghin and Petelea. It is ROCA Industry’s second investment in this market, the first being ECO EURO DOORS, the largest Romanian manufacturer of doors for residential construction.
In the coming period, ROCA Industry intends to merge the two companies and launch a single new local brand with international validity, thus creating a strong player in the Romanian interior door market, with the aim to transform it into a regional leader.
The new company resulting from the merger will have a significant increase in production capacity, diversified ranges with new and competitive products, covering all price segments and ensuring the most varied product offering available on the Romanian market.
At the holding level, the two companies in the process of merging reported a turnover of 52.7 million RON for H1 2024 (ECO EURO DOORS 26.9 million RON, Workshop Doors 25.8 million RON). EBITDA amounted to 13.1 million RON in H1 (ECO EURO DOORS 2.9 million RON, Workshop Doors 10.2 million RON).
ECO EURO DOORS products are distributed nationally through DIY retailers, as well as through other specialized retailers and distributors. For Workshop Doors, which has an expanded portfolio of doors, delivery of wall panels to one of the country’s DIY store chains is planned from Q3 2024.
