Dynea buys adhesives company in Romania

Nina Kopola, Executive Vice President and President Dynea Europe, Dynea.

HELSINKI, FINLAND: Dynea Chemicals Oy has acquired the total capital stock of S C Rom Re Ro Munteanu S R L, a privately owned Romanian company manufacturing adhesives. The company will be called Dynea Resins Romania S R L. This move is in line with Dynea’s strategy to strengthen its presence in the South Eastern region of Europe.

“We expect to see substantial growth in this region in the years to come. We expect to gain a foothold in Romania. Furthermore, this acquisition will give Dynea the opportunity to focus more into phenolic specialty areas,” said Nina Kopola, Executive Vice President and President Dynea Europe, Dynea.

Rom Re Ro’s production site in Rasnov, close to Brasov in the middle of Romania, develops and manufactures a wide range of products including urea and phenolic resins for the wood-working industry and novolacs for a variety of other industrial applications. The company has an annual production capacity of 50,000 tonnes as well as research facilities. The company is a market leader in specialty phenolic adhesive resins in Romania with exports to Italy, Poland, Serbia and Croatia.

(C) Dynea News