Irish group CRH takes over Romanian polyethylene pipe maker
<p>Irish building materials group CRH, through its Romanian subsidiary Romcim (cement producer), took over local polyethylene pipes maker Tehno World which operates a factory in the northeastern part of the country at Falticeni, <a href="https://www.zf.ro/business-construct/romcim-producatorul-ciment-detinut-irlandezii-crh-cumpara-fabrica-22458320" rel="noopener" target="_blank">Ziarul Financiar</a> announced.</p>

<p>The daily estimates the deal, which was already endorsed by the Romanian competition body, at over EUR 100 million.&nbsp;</p>

<p>Tehno World reported RON 434 million (EUR 86 million, 5% up y/y) turnover and RON 45.5 million (EUR 9 million) net profit in 2023.</p>

<p>Tehno World was put up for sale in February this year, with the consulting firm EY handling this process.</p>

<p>The company was developed by three local entrepreneurs: Maria-Angela Amariei, Gabriela-Luminita Pavel, and Iustinian Pavel.&nbsp;</p>

<p>It has produced plastic pipes (high-density polyethylene, polypropylene, and PVC-U pipes) for urban infrastructure, such as water distribution and sewage networks, and for irrigation since 2003.&nbsp;</p>

<p><em>(Photo: Romcim)</em></p>

<p><em>iulian@romania-insider.com</em></p>