BraasMonier group buys local concrete tile plant Elpreco for 8 million euro

The BraasMonier group has announced the signging of an agreement to take over the Elpreco tile factory in Craiova, whose products will now be sold under the brand name ”Getica”.The Schoenherr team involved in the project is coordinated by Madalina Neagu, Local Partner, and includes the attorneys Alexandra Munteanu and Anda Tufan. According to estimations by the BraasMonier group, the transaction will generate revenue worth some RON22 million by 2019 and an operational profit of some RON7.5 million.The group is represented locally by Bramac, a company selling the group’s products under the brand name Schiedel. The Bucharest office of Schoenherr assisted the BraasMonier group in acquiring the concrete tile plant in Craiova, in a transaction valued at aproximatelly 8 million euro.