Corporate, Commercial Law & M&A
June 15, 2023

Triniti Jurex Advises Iranga Technologijos on €3.2 Million Sale to Bico Industries, Romania’s Largest Manufacturer of Fiberglass Mesh

Triniti Jurex recently have advised to Iranga Technologijos in the sale of their company to Bico Industries for a total of EUR 3.2 million. The team from Triniti Jurex, led by partner Giede Ciuladiene and associate partner Marius Tamosiunas, guided the entire process, including the preparation of shareholders’ agreements, transfer of shares and claims, transaction structuring, and negotiation assistance.

Lithuania’s Iranga Technologijos operates in the construction and technical textile market, offering solutions for textile fiberglass production and composite materials by lamination.

Bico Industries is a fiberglass mesh manufacturer in Central and Eastern Europe. The company also incorporates Terra, Europlas Lux, and now Iranga Technlogijos and has over 450 employees and five production centers in Romania, Moldova, and Lithuania. Bico is owned by Roca Industry, a Bucharest Stock Exchange AeRO Market-listed company.

The buyer, Bico Industries, received legal advice from Deloitte Legal throughout the acquisition process.