TMF Group, one of the leaders of the administrative services market, announces the acquisition of Contexpert, a company specialized in accounting, inventory, tax and payroll services in Romania.
CIS Gaz, a Romanian company operating in the natural gas industry and held by Sebastian Calugar, has acquired a majority stake in Next Energy Distribution, a distributor of fuel and chemical products owned by the Toma family.
Barleta, a company based in Bacau that manufacturers all sorts of paper bags for major supermarket chains, fast-food restaurant chains and bakery businesses, will end the year with lower revenue than the EUR25 million it posted last year, even though it had expected growth at first.
Clariant, a Swiss sustainability-focused specialty chemical company, has announced on Dec 6 its decision to shut down its Romanian bioethanol factory in Podari (Dolj County) amid ongoing losses which no longer justify continued production.
Automotive component manufacturer Preh Romania, a supplier for Porsche, Mercedes and Tesla, posted EUR195 million revenue in the first nine months of this year and expects to end 2023 with EUR260 million revenue, the company said.