Xella takes over Macon and becomes the largest AAC manufacturer on local market

Germany-based building materials maker Xella buys Macon Group, one of Romania’s foremost manufacturers of construction materials, owned by Polish Enterprise Fund V and Polish Enterprise Fund VI, private equity funds managed by Enterprise Investors, a press release informs.

Thus, Xella becomes the largest manufacturer of AAC (autoclaved aerated concrete), also known as BCA in Romanian language.

The value of the transaction has not been disclosed and the deal is conditional upon obtaining antimonopoly approval in Romania.

“The cooperation between Enterprise Investors and Macon’s very competent management team led by Marius Marin has been first-rate throughout our investment. This was particularly significant in the turbulent times following the global crisis, when despite a rapidly declining construction sector Macon managed to increase its overall market share by adapting to the new conditions and reaching for new markets”, said Dariusz Prończuk, partner at Enterprise Investors in charge of this investment.

“The company is in a very good shape and I am optimistic about its growth opportunities in the future”, added Serban Roman, vice president at Enterprise Investors responsible for the firm’s activity in Romania.

In 2006 Enterprise Investors acquired Macon from the company’s management and employees. At the time of the investment, Macon was an important independent producer of construction materials in Romania. Two years later, EI provided additional equity financing to acquire Macon’s competitor Simcor Group, a building materials producer from Transylvania (Romania). With the full support of EI funds, Macon’s management team merged the two entities into what is today Romania’s leading industry player.

The company currently operates four production sites and is the leading producer of AAC (autoclaved aerated concrete) and electrical poles, and also a top player in the lime product, precast element and terracotta production markets. In recent years Macon achieved excellent financial performance. Sales are expected to reach RON 150 million (EUR 33 million) in 2017. The group employs almost 800 people.

 

AAC (autoclaved aerated concrete)BCAbuilding materialsDariusz Pro?czukEnterprise InvestorsMaconpartner at Enterprise InvestorsPolish Enterprise Fund VPolish Enterprise Fund VISerban RomanSimcor Groupvice president at Enterprise InvestorsXella
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