The amount paid includes both the assets acquisition price and the costs related to the transaction and work capital financing and other expenses. The acquisition will be completed in the last quarter of this year.

According to Braas Monier, BRAMAC consolidates through this acquisition its position on the roof systems market. According the cited sources, the products manufactured by Elpreco will be sold in the future under the brand Getica.

According the data from the Ministry of Finance, Elpreco had in 2015 a turnover of EUR 24.5 million, 15 pct. higher than in 2014 and a net profit of EUR 877,000. (Source: profit.ro)