CEE - Advent backs Dufa Deutek
Advent's portfolio company Dufa Deutek, a Romanian decorative paints producer, has acquired Bengoss, a mortar and core adhesives producer in the Romanian market, for EUR 19m.
The acquisition will give Dufa Deutek the opportunity to expand into the construction materials sector and both companies will benefit from raw material cost savings, economies of administrative work and distribution costs. Dufa Deutek plans that both companies combined will generate a turnover of EUR 65m in 2009.
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