IULIUS Company, through Carbo Europe SRL, recently completed the purchase process for the majority shareholding of abrasive materials manufacturer Carbochim Cluj-Napoca and launched a mandatory public bid. This is the fulfillment of the Iași-based real estate developer’s goal to diversify its portfolio, with a focus on the niche industrial production segment.
IULIUS is the only Romanian developer and operator of mixed-use real estate projects, as well as one of the top players on the office market, with more than 20 years of real estate experience. The Iași-based company focused on expanding into other domains, more precisely into the production segment. The company is currently the majority shareholder in Carbochim, the largest manufacturer of professional abrasive products in Romania. “IULIUS Company was fully dedicated to developing landmark regional projects, with powerful impacts in the communities where we are present. We hold a dominant position in the Romanian real estate market, and we wanted to expand our area of expertise into production, with just as much commitment and passion. Thus, we believe that purchasing the majority shareholding in Carbochim Cluj-Napoca is a strategic decision in our activity, as well as a challenge. Carbochim has a notable experience in the field, spanning over more than 70 years, and we believe in its capacity to develop. We are certain that by combining the know-how of Carbochim with the vision and property management expertise of IULIUS we will achieve our common goal, that is to consolidate the growth strategy and add value to the portfolio,” said Iulian Dascălu (photo), President of IULIUS Company.
The operation of Carbochim will be ensured by the same specialized team that has been involved in the development of the factory to this date. The production, retailing and distribution activity will not be affected and there will be no layoffs.