Xella Romania to sell Macon's precast concrete ops to local peer Romcim

The closing of the deal is expected in the first half of 2022, Xella said in a press release.

The transaction is subject to approval by the competent antitrust authorities.

The operations being sold served the civil engineering and transport infrastructure end markets in Romania. Macon operates two production facilities, in Deva and Oradea.

"The sale of Macon's precast concrete division will sharpen Xella’s profile in the AAC and construction market and will allow us to focus our resources on the development of sustainable and efficient walling solutions for the building industry," Xella Group CEO Christophe Clemente said.

Xella Romania acquired Macon Group in 2018, accelerating its leadership in the local construction market. Xella Romania is part of Xella Group, a pan-European provider of walling solutions for the entire house shell with operations in 22 countries across Europe.

Romcim, a company belonging to Ireland-based CRH Group, is a local suppliers of cement, aggregates and concrete for the construction sector.

($=0.9201 euro)