Good things come to those who weather the bad times
Somaco is the leading precast concrete manufacturer in Romania, ensuring a national coverage with its 5 precast factories. Furthermore, Somaco is one of the large manufacturers of AAC (autoclaved aerated concrete blocks), with a factory in Adjud, Moldova region.
We made our first investment in Somaco in 2008, when we acquired three fully-operating factories, as well as the Somaco brand, from the then-listed company Somaco SA. We continued the investments by acquiring one factory in Teius in 2011, from G&D Preffabricati, and two more factories in Timisoara and Targoviste in 2014 from Europrefabricate.
Somaco’s precast products cover a large range of construction solutions for civil and industrial construction (pillars, beams, floors), infrastructure (bridge elements, electricity poles), sewage systems (pipes, manholes), while the AAC arm offers masonry solutions.
- Sales of EUR 36 m in 2015
- Production capacity of over 300,000 cubic meters of AAC per year and over 130,000 cubic meters of prefabricated concrete per year
- Approximately 500 employees in six factories in Romania (Roman, Buzau, Adjud, Targoviste, Teius and Timisoara)
Main achievements with Oresa:
- Acquisition of three new factories during the economic downturn, thus achieving clear market leadership and full geographical coverage in Romania
- Introduction of new product lines and growth of production capacities following investments of more than EUR 12 m during 2009-2015
- Turnover growth from EUR 16 m in 2010 to EUR 33 m in 2015
- Attracted some of best managers in this industry and also young engineers who form today the mid-management backbone
Oresa has encouraged us to take benefit of the difficult times of the market and execute a growth and market consolidation strategy. With their support, we have acquired three new factories during a short period of time, negotiated the acquisition financing agreements with banks, integrated the operations and teams. We have also introduced new product lines and invested in growth of production capacities. Due to this bold approach, Somaco is now the clear market leader of the prefabricated concrete market, able to execute complex projects everywhere in Romania.
Sorin Miron, CEO Somaco