Romania’s conglomerate Paval Holding has decided to purchase a minority stake in local paper and cardboard maker Vrancart Adjud under a RON 28 million (€6 million) investment.
Paval Holding has acquired a 17% stake in the manufacturer, according to the information obtained by local news site Romania-Insider.com.
Set up in 1977, Vrancart Adjud is listed on the Bucharest Stock Exchange (BSE). The company operates a production facility in Adjud, in the coun-try's north-eastern part. The plant is ISO 9001, 14001 and OHSAS 18001-certified, according to data from Vrancart Adjud.