September 14 (SeeNews) - Romanian agriculture holding ROCA Agri RDF, part of ROCA Group, said on Wednesday it has signed an agreement to take over local agricultural products manufacturer and distributor Dachim.
The transaction includes Dachim's extrusion plant in Romania's Arad county and a cold-pressed oil manufacturing plant located in Cluj county, ROCA Agri RDF said in a press release.
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"Through this transaction, ROCA Agri RDF strengthens its strategic position in the central part of the country by expanding the grain trading area, distributing inputs directly from the Turda warehouses and by consolidating its position as a processor of oil products," ROCA Agri CEO Florin Deznan said.
The investment will approximately 2,000 hectares to the company's land stock, the CEO added.
ROCA Agri also includes RDF SA, RDF Agricultura and Adidana.
In July, the holding said it expects a turnover of 700 million lei ($142 million/ 143 million euro) for this year.
Dachim is a trading company for agricultural products owned by local investment company Vetimex Capital.
($=0.9994 euro)