Deloitte Romania and Reff & Associates | Deloitte Legal assisted Knauf Insulation, one of the world's largest manufacturers of insulation solutions and part of the German Knauf group, in taking over the glass mineral wool factory Gecsat SA located in Tarnaveni, Mures county. The transaction was completed following the notification of the Competition Council.

After the takeover of the factory, Knauf Insulation has started an extensive modernization process, to bring the space and the production line at Knauf standards and to allow the factory to produce glass mineral wool at the highest quality standards while protecting the environment.

A multi-disciplinary team of Deloitte Romania experts and lawyers from Reff & Associates | Deloitte Legal has provided to Knauf Insulation financial and fiscal due diligence services, as well as legal assistance throughout the entire transaction process, from structuring, to legal due diligence and negotiation, to signing and completion, as well as post-transaction legal services. The financial advisory team involved in the project was made of Radu Dumitrescu, Partner-in-Charge, Ionut Vasilescu, Manager, and Sorin Rugina, Senior Associate, the Reff & Associates | Deloitte Legal team consisted of Georgiana Singurel, Partner, Diana Fejer, Senior Managing Associate, Andreea Zaharia, Managing Associate, Maria Nitulescu, Managing Associate, Florin Grumeza, Senior Associate, Florentina Munteanu, Partner, Mihnea Radu, Senior Associate, Calin Cosma, Senior Associate, Gabriela Ilie, Senior Managing Associate, and Irina Picos, Senior Associate, while the tax team was made of Dan Badin, Partner, Ioana Nastase, Senior Manager, and Silvana Balea, Senior Manager.