Daily Ziarul, reported 20 Feb, that Pilkington Automotive announced it recently acquired Cluj-based Gimarom, distributor & installer of autoglass. Gimarom posted turnover of over EUR 9M 2006. The UK firm acquired Gimarom through its takeover of Hungary's Gima group, majority shareholder in the Romanian company. Gimarom officials confirmed the transaction but not the sum. Gimarom Invest posted net profit of EUR 1.5M in 2006, according to Finance Ministry data. The head of Gima's operations in Romania & Hungary will be Peter Takacs Jr, son of the company's founder. Pilkington has been testing the water for several years on the Romanian market. In 2003 it announced a USD 100M investment strategy for a float glass plant with Brasov a possible location. The UK firm later dropped the investment, although the project was nearly complete, the newspaper reported.
