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 16th edition of Les Films de Cannes, the festival showcasing productions awarded or selected at the Cannes film festival, returns this fall to Bucharest and four other cities in the country. The winner of this year's Palme d'Or, Jafar Panahi's It Was Just an Accident, will be screened at the event, as will be […]
Răsvan Angheluţă Natural Sciences Museum in Galaţi is scheduled to reopen on September 20, after the completion of modernization works worth over 15.1 million lei (approximately EUR 3 million) carried out by the County Council through the recovery and resilience facility PNRR. The building hosts an Aquarium, an Astronomical Observatory, a Planetarium, and temporary exhibitions. […]
A team of Romanian paramedics won first place at the World Rescue Challenge 2025, a competition that sees first responders and trauma teams from around the world develop new skills and share knowledge. This year, the competition took place in Karlovac, Croatia, and was attended by two Romanian paramedics from Bucharest who have been working […]
Artmark, one of Romania’s leading auction houses, registered record sales of over EUR 15 million despite economic instability, showing the growth potential of the national art market, according to the company’s 2024-2025 market report. Overall, auction sales totaled EUR 11 million, up 8.2% compared to the previous year, while sales through the “Dependent de Artă” […]
Cybersecurity has become a major global priority, impacting individual users, companies, organizations, and public institutions. Social engineering, deepfakes, digital manipulation, and coordinated geopolitical attacks are fundamentally reshaping how we view the digital future. In this context, DefCamp, the largest cybersecurity and hacking conference in Central and Eastern Europe, reaffirms its role as a strategic hub […]
Romanian airline AnimaWings has received its fifth Airbus aircraft, an A220-300, as part of an ambitious expansion plan to build a fleet of 18 planes by the end of 2027, valued at over USD 1 billion. The A220-300 is the airline’s third of this type and will serve both domestic and international routes. Configured with […]
