The producer of biodegradable packaging Exonia in Iasi announces that they negotiates the acquisition of the whole package of shares of another producer of packaging in Iasi, namely Barrier Vaccum Bags, the value of the transaction being estimated over 1.35 million euro. The leadership of the Exonia company said on Monday, in a press release that they negotiate regarding the possible acquisition of the whole package of social shares of the Iasi producer BVB (Barrier Vacuum Bags), operated by Plastic & Paper Distribution SRL. The discussions between the two parties are underway, but sources on the market say that the value of the transaction could surpass the sum of 1.35 million euros. Plastic&Paper Distribution SRL is a company with Romanian capital and was set up by the business man Marius Velescu. This company is among the few producers in Central and Eastern Europe with their own capacities for production of packaging specially destined to vacuum packaging of fresh food products as well as components specially used in aviation industry and car industry. Among the BVB clients is Airbus Elicopters Ghimbav, Smithfied Timisoara, Aerostar Bacau, Vel Pitar, Vodafone UPC and DB Foods. At the same time, the leadership of Exonia company Iasi said that they analyse several opportunities of acquisition both of Romanian producers of packaging and distributors specialised in this niche, saying that ' it is a company well capitalised , with liquidity and very good results'. ' We aim at covering as soon as possible an important market share at national level, as well as the diversification of our portfolio both through the development of investments in the new technologies lines as well as through mergers by absorption of other companies which have demonstrated their resilience in time' announces the Iasi company. The Exonia Iasi group was set up in the 2000's by Tiberiu Stoian, enterpreneur with investments in the packaging industry, IT, tourism and commerce in Romania and the US. The group is made up of three entities, Exonia Holding, producer of paper packaging, Exonia Production, producer of plastic packaging and Artis Design, integrator for industrial digitisation solutions. Exonia Holding is estimated at more than 25 million euro. The company in Iasi has investments of over ten million euro, and starting next year they recruit new employees.
The SIGNAL IDUNA companies concluded 2024 with a total gross written premium volume of approximately RON 424 million, marking an aggregated growth of 16% compared to the previous year. These financial results reflect the consolidation of a sustainable development strategy, supported by portfolio expansion, digitalization, the launch of new solutions for both individual and corporate […]
Kantar Romania launched, during an event dedicated to their clients, "The Trust Factor – Building Brands That Endure Uncertainty", the top 20 brands that manage to inspire the greatest confidence among the Romanian consumers, based on the analysis of 162 brands from 12 sectors*. In a period marked by uncertainty and skepticism, trust becomes the […]
Balancing career success with personal growth is a challenge many professionals face today. As the pressure to achieve and perform increases, many begin to crave more than just success: they want clarity, alignment, and a deeper sense of purpose. For Lin Holmquist, business coach and one of Europe’s most acclaimed experts in Tantra, Yoga, and […]
CFR Călători, the state-owned railway company for passengers, announced that the first train entirely made up of rolling stock modernized with funds from the EU-backed Recovery and Resilience Fund (PNRR) was introduced on the Bucharest North – Constanța route. The train, which is already running, consists of a locomotive delivered by the Softronic factory in […]
The first edition of Urban Habits (nUH), a festival aiming to be “a space for ideas, debates, co-creation, and experimentation,” takes place between April 26 and April 27 at Lokal and on Erou Ion Călin Street, which will be temporarily transformed into a pedestrian space. The program will address themes ranging from innovation, design, and […]
Mall Moldova, the largest shopping center in the Moldova region, officially opened on April 17 in Iași, covering 110,000 sqm. Developed by Prime Kapital, in partnership with MAS P.L.C., Mall Moldova is part of a large-scale investment plan carried out by the two investors in Iași, worth approximately half a billion euros, which also includes […]
