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PNSA and Efrim Rosca & Asociatii Advise Bico Industries on Acquisition of Terra Impex Group

PNSA and Efrim Rosca & Asociatii Advise Bico Industries on Acquisition of Terra Impex Group

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Popovici, Nitu, Stoica & Asociatii and Efrim, Rosca & Asociatii have advised Bico Industries on its acquisition of the Terra Impex Group. Zlate & Partners reportedly advised the seller, Mihai Vaida.

According to PNSA, “founded in 2006, Bico Industries is one of the largest fiberglass mesh producers in Eastern Europe and the leading Romanian fiberglass fittings producer.”

The Terra Impex Group, founded in 2010, is producing fiberglass products for construction in EU countries as well as Ukraine, Belarus, and Russia.

In 2020, PNSA had advised Bico Industries and its majority shareholder Mihai Birliba on the acquisition of a 30% stake in Bico by Roca Investments (as reported by CEE Legal Matters on October 6, 2020).

PNSA’s team was led by Partner Silviu Stoica along with Managing Associate Vlad Ambrozie.

Efrim, Rosca & Asociatii's team included Partners Oleg Efrim and Vladislav Rosca and Lawyers Maxim Macovei and Gicu Blosenco.

Editor's note: After this article was published, Deloitte Legal's Reff & Associates told CEE Legal Matters it also advised Bico Industries on the deal. The firm's team included Partners Georgiana Singurel and Florentina Munteanu, Senior Managing Associate Andrea Grigoras, Senior Associate Mihnea Radu, and Associate Anca Olar.

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