VIENNA, 26 January 2016 – EMSA Capital is proud to inform that it has gained approval of the Romanian Competition Council to complete its investment in Aplast.
Aplast is one of the largest producer of windows and doors in Romania, capable of producing 2,000 windows a day, operating two factories around Bucharest and Ploiesti. Started in 2000 by local entrepreneurs, Aplast became a market leader in Romania by 2005. Over the past years, the company successfully expanded into export markets, and a significant part of business now is realized in France, Italy and Belgium.
EMSA’s investment was directed towards enhancing working capital, strengthening the balance sheet and reducing debt. EMSA will provide financial backing and know-how to support turnaround, regaining market position in the domestic market and an ambitious international expansion. Together with EMSA’s other investment in the construction materials sector, we intend to unlock synergy potential and develop Aplast into a South-European leader in windows and doors.
Catalin Nicolaescu, the founder of Aplast, said that “EMSA provided much needed liquidity and removed immediate debt service constraints as to allow the company to redefine its markets and restructure operations”
According to Dorian Macovei, director of EMSA Capital: “This is our second investment in Romania in the construction materials industry. We are convinced that Aplast offers a very solid base to build on and expand.”
Aplast is a multinational integrated windows and doors producer, with a comprehensive range of products and services. Our successful story bears the mark of innovation and performance.
Our products are designed to fully meet expectations and demands of the most varied public, beginning with the exigent “passive house” beneficiary to the flexibility of the young “first house” owner. We take pride in our 15 years of experience and expertise, as the Romanian market leader in production of windows and doors systems.
You are kindly invited to find out more details about us and our exquisite range of products on our website: www.aplast.com.
EMSA Capital is a private equity firm investing in turnarounds and special situations across Central and Eastern Europe. Our portfolio investments include both performing companies and those experiencing a greater degree of challenges.
We take an active role in driving performance improvement initiatives within companies. In addition to financial capital for liquidity and recapitalization, we provide our investee companies with operational enhancements and performance improvement solutions. We take an active role in our investments and work alongside management to improve the business by unlocking and creating value.
EMSA Capital has been active in CEE since 1992, and has pioneered turnarounds and performance improvement in the region. Our team has more than 75 years of combined investment and interim management experience, of which 50 have been in Central and Eastern Europe.
Currently we are managing our third fund, the CEE Special Situations Fund, with capital of over €93 million. For more information, please visit www.emsacap.com.