Adeplast generates sales of CHF 120 million and employs 460.
The transaction is subject to clearance by anti-trust authorities.
Adeplast is headquartered in Ploiești, 70 km north of Bucharest, and produces a wide range of building mortars as well as thermal insulation for building envelope solutions.
It operates four production plants that provide nationwide coverage of Romania.
“The improved access to the distribution channel will offer exciting cross-selling opportunities, increase our market penetration, and drive the continued growth of both companies," said Ivo Schädler, regional manager EMEA.