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Steilmann Bukarest, one of the top five companies on the textile market in Romania in terms of turnover, has been acquired by Miro Radici, Germany, in an international transaction
Miro Radici, an over 600 million-euro business, announced the takeover of the Steilmann group, which also has the biggest apparel chain in Romania (about 50 locations) operating under its name, according to the latest available data. The value of the transaction was not revealed.
Steilmann Bukarest is a business wherein businessman Romeo Pomponiu owns 49%, and Britta Holding BV registered in the Netherlands, whose manager is Ingrid Steilmann, owns the rest.
Steilmann Bukarest posted 30 million-euro turnover in 2005, an increase of 50% on the previous year, and net profit of more than 4 million euros.
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