Romania's ROCA becomes shareholder in RDF Arad

ROCA aims to support RDF Arad in extending its activities to a new market nearby, it said in a press release.

"With investment projects carried out with European funds, RDF will benefit from an additional storage capacity and will be able to increase sales and expand its services portfolio," Roca CEO Rudi Vizental said.

RDF is one of the main distributors of agricultural inputs in Timis and Arad counties.

"Our common goal is to accelerate the development of RDF as an even more important player in the agricultural products market and to strengthen its business relationships with both suppliers and customers," RDF CEO Florin Deznan said.

RDF was established in 1995 and is active in grain trading and agricultural inputs distribution. It sells around 100,000 tonnes of cereals per year.

ROCA was launched in March last year and is the first investment and management platform dedicated to Romanian companies in financial distress.

Since last year, ROCA has become majority shareholder in electric cable manufacturer Electroplast, industrial chemicals company Sinteza, port operator Romcargo Maritim, shoe manufacturer S-Karp, cooling solutions provider Frigotehnica, and honey producer Tremot.

(1 euro=4.7540 lei)