Selena Group, a global producer and distributor of construction chemicals, has signed a conditional agreement to purchase shares in the Portuguese company Imperalum, as it plans to expand its proposition of bituminous membranes (commonly known as roofing felt). The agreement provides for the acquisition of 90.1% of the company shares giving control over 100% of capital and voting rights. The acquisition of Imperalum is in line with Selena's international expansion strategy.
Selena Group's most recent transaction means strengthening our position in Western markets while ensuring development of our production capacity. Imperalum is a well known brand in the Portuguese market. Crucially, the company has its own factory near Lisbon and for decades has been a benchmark for contractors in terms of specifications of bituminous waterproofing solutions. These elements are highly important for us from a strategic perspective – in order to develop, we need to increase our access to individual markets, and also have a strong base in the form of production facilities and technological expertise
– says Sławomir Majchrowski, CEO of Selena Group.
Sławomir Majchrowski, CEO of Selena Group
Selena Group has signed a conditional agreement to purchase shares in the Portuguese company Imperalum