Advent International has completed a EUR 19m (US$30m) bolt-on to its Romanian decorative paints producer Dufa Deutek. The company has acquired Bengoss, a Romanian mortar and core adhesives maker and will enable Dufa Deutek to expand into the constructions materials sector.
The enlarged business is aiming to generate revenues of EUR 65m in 2009.
This is the second deal Advent has completed in Romania in a week. Last week, it backed the buyout of LaborMed Pharma, a manufacturer and distributor of generic pharmaceuticals. LaborMed was founded in 1991 and has anticipated turnover to year end 2007 of