# Bico Industries in talks to acquire 77.5% of Iranga Technologijos

Bico Industries, part of ROCA Industry, is in advanced negotiations to acquire a 77.5% stake in Lithuanian company Iranga Technologijos for EUR 4 million.

- Type: Acquisition
- Announced: 2022-08-12
- Value: $4.10M (4.00M EUR)
- Status: announced
- Products: fiberglass mesh, glass fiber fabrics, composite materials
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md), [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Bico Industries](https://endata.com/companies/64706.md) (acquirer)
- [Iranga Technologijos](https://endata.com/companies/64707.md) (target)
- [ROCA Industry](https://endata.com/companies/64708.md) (partner)

## Sources

- [romaniajournal.ro](https://www.romaniajournal.ro/business/romanian-manufacturer-bico-industries-in-advanced-talks-for-the-takeover-of-lithuania-based-iranga-technologijos/), 2022-08-12: "Bico Industries, the main producer of fiberglass mesh in Romania and part of the construction materials holding company ROCA Industry, is in advanced negotiations for the acquisition of a 77.5% stake in the share capital of Iranga Technologijos, a Lithuanian company."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.