During the EY-led process, the Lead Advisory team provided full sell-side M&A assistance, structuring and coordinating the execution of the transaction.
Over the course of 21 years, TehnoWorld, founded in Suceava county, became a market leader in the production of HDPE pipes and a regional champion competitive at the European level. Its integration within one of the largest building material players in the world represents proof of the success of the TehnoWorld business model.
“We are honored to have assisted TehnoWorld in this transaction process and to have had the opportunity to represent and partner with inspiring people. The closing of this transaction is owed to a committed team formed by Cristian Drindea, Razvan Cebuc and Lucian Manea” said Iulia Bratu, Head of Lead Advisory EY Romania.
Founded in 2003, TehnoWorld is a leading plastic pipe manufacturer specialized in the production of high-density (HDPE), polypropylene (PP) and PVC-U pipes.
Romcim is part of the CRH Group, one of the world's largest suppliers of building material solutions, holding leading market positions in both North America and Europe. The group is an essential global partner for the execution of projects in utility networks, critical infrastructure, complex non-residential construction, and outdoor landscaping projects. A Fortune 500 company, CRH shares are listed on the NYSE and LSE.
The CRH Group of companies in Romania is the most dynamic in the local construction industry, with over 2,500 employees in total and operating over 50 units nationwide, managed through the companies: Romcim, Elpreco, Ferrobeton, Baulemente, Sapphire, and now TehnoWorld.
About EY Romania
EY is one of the world's leading professional services firms with 395,442 employees in more than 700 offices across 150 countries, and revenues of approx. $49.4 billion in the financial year that ended on 30 June 2023. Our network is the most integrated worldwide, and its resources help us provide our clients with services allowing them to take advantage of opportunities anywhere in the world.
With a presence in Romania ever since 1992, EY provides, through its more than 900 employees in Romania and the Republic of Moldova, integrated services in assurance, tax, strategy, and transactions, and consulting to clients ranging from multinationals to local companies.
Our offices are based in Bucharest, Cluj-Napoca, Timisoara, Iasi, and Chisinau. In 2014, EY Romania joined the only global competition dedicated to entrepreneurship, EY Entrepreneur Of The Year. The winner of the national award represents Romania at the world final taking place every year in June, at Monte Carlo. The title of World Entrepreneur Of The Year is awarded in the world final. For more information, please visit: www.ey.com
