Five Cluj entrepreneurs take 4m euros for limestone supplier

Baumit Romania, a part of Austrian group Schmid Industrie
Holding, with over one billion euros in turnover, acquired Imcop
Calcar, held by five Cluj-based entrepreneurs for 4 million euros,
in a transaction sealed at the end of last year, according to data
published in the Official Gazette. Imcop Calcar, one of the major
limestone suppliers of Austrian-held Baumit in the Transylvania
area, posted a 3 million-euro turnover and an over 110,000-euro net
profit in 2008, according to the website of the Finance Ministry,
and had 48 employees. The company holds the limestone in Geomal,
Alba county. “We bought the Cluj-based company to ensure our supply
of raw materials for the next few decades. We will keep the
company’s employees and clients, but a long retooling of the quarry
will follow,” said Laurentiu Lupusor, general manager of dry
mortars and adhesives producer Baumit, with 43 million euros in
turnover in 2008.