The producer will change its name to Nidec Motor Corporation Romania. The transaction included a stake of 94.8% in Ana Imep.

Ten years ago, US company Emerson was interested to acquire the Ana Imep plant, but couldn’t reach an agreement with Copos.

In 2014, the factory had a turnover of EUR 12.3 million, down by 15% compared to the previous year. The profit reached EUR 360,000 in 2014 over losses of EUR 1.6 million in 2013.

Copos sold the firm as he wants to focus on the hotel businesses. Copos and his family own the Ana Hotels group, which includes the Athenee Palace Hilton five-star hotel and Crowne Plaza four-star hotel in Bucharest, the Europa hotel in Eforie Nord, and a couple of hotels in Poiana Brasov ski resort. He also controls pastry producer Ana Pan and several real estate assets. (source: Romania-insider.com)