Carmeuse pays 10m euros for two lime factories

Belgium-based Carmeuse Group has bought two Romanian lime factories from HeidelbergCement (Germany) for 10 million euros, the representatives of the companies involved in the deal told Ziarul Financiar. Carmeuse has therefore become the leading lime producer in Romania, competing on a market estimated at 30-31 million euros. “The global acquisition by Carmeuse includes, besides Temelia Brasov, two more companies in Hungary and the Czech Republic, and is worth approximately 31 million euros. The deal on the Romanian market is worth one third of the total,” Neculae Stinghe, Temelia SA Brasov general manager, told Ziarul Financiar. Temelia Brasov comprises two productive units: the factory in Brasov and the one in Deva that split from the Casial Deva cement plant. The Belgians paid the 10-11 million euros to buy 96.7% in Temelia Brasov, previously held by Germany-based Bohemian Lime BV, a holding company running HeidelbergCement’s operations on the Romanian, Hungarian and Czech lime markets. ZF