The acquired business generates annual sales of CHF 23 million. The transaction is subject to approval by the Romanian anti-trust authority.
Arcon is based in Sfântu-Gheorghe, 200 km north of Bucharest. In its fully automated manufacturing facility, it produces technologically advanced bituminous membranes, with the potential to also serve other South East European markets. Furthermore, Arcon's product portfolio also includes thermal insulation systems for facades and roofs, combining expanded polystyrene sheets and bituminous membranes.
"Arcon's market-leading position, comprehensive product portfolio, and established distribution network will support our growth strategy by opening up new cross-selling opportunities, as well as increasing our market access and the penetration of key projects,” said Ivo Schädler, regional manager EMEA.