The Competition Council is analyzing the transaction through which Revaty Limited, Cyprus, and Tradeflax Limited, Cyprus, intend to acquire Thermotop Technology S.R.L.

Thermotop Technology S.R.L. had no economic activity and did not register any turnover until the transaction was notified.

The company will open a production unit for polyisocyanurate foam, so the future business activity of this company will be the production and sale of polyisocyanurate foam. Revaty Limited is a company engaged in investment holding activities.

The Revaty Group controls two companies based in Romania that have generated revenues in the national territory, but none of them have been involved in the production and sale of polyisocyanurate (PIR) foam.

Tradeflax Limited is a company engaged in investment holding activities and other monetary intermediation activities. The Tradeflax Group is present in the Romanian market through several companies that generate turnover in various fields of activity: real estate development, electronic industry, installations and constructions, assembly, electricity production, district heating, and the medical field.

In accordance with the provisions of the Competition Law (no. 21/1996), this transaction must be authorized by the Competition Council, which will evaluate it to determine its compatibility with a normal competitive environment and will issue a decision within the deadlines provided by law. (Photo: Freepik)