Romania's competition authority is reviewing Officine Maccaferri's planned takeover of asphalt-additives maker Iterchimica

CEE M&A Monitor

Road infrastructure materials Romania · Italy Merger filing — under review 4 Sep 2026

Romania's competition authority is reviewing Officine Maccaferri's planned takeover of asphalt-additives maker Iterchimica

In a press release dated September 2026 and published on 4 September, the Romanian Competition Council announced that it is examining the transaction by which Officine Maccaferri S.p.A. of Italy intends to take over Iterchimica S.p.A. of Italy together with its subsidiaries, including Iterchimica Romania S.R.L. The authority describes Officine Maccaferri as a supplier of products and technical solutions for the geotechnical, hydraulic, environmental and civil infrastructure sectors; in Romania it is present through Maccaferri Romania S.R.L., which mainly supplies products for engineering applications, including geosynthetics, double-twisted wire mesh products, rockfall protection products and products for waste management installations, as well as certain engineering and installation services. Iterchimica is described as specialising in the manufacture and supply of additives for modifying the asphalt mixtures used in road infrastructure; in Romania the group is present through Iterchimica Romania S.R.L., which provides services and makes sales exclusively to Iterchimica. Under Competition Law no. 21/1996 the operation must be authorised by the Competition Council, which will assess whether it is compatible with a normal competitive environment and will issue a decision within the time limits set by law. Observations may be submitted to the authority within 20 days of the announcement. The transaction has not been cleared and no closing has been announced; the authority's release states no price, no turnover figures and no employee numbers.

Our take Two Italian companies are combining, and the file lands in Bucharest — because one of them keeps a Romanian subsidiary whose only customer is its own parent. That is worth noticing if you sell a business with foreign arms: a deal is not reviewed once, it is reviewed in every market where the parties have a presence, and the smallest, most captive unit can be the one that sets the timetable. On the substance, this is the ordinary direction of travel in infrastructure supply — a group that sells geotechnical and civil-engineering systems adding the chemistry that goes into the road surface itself. Buyers like this pay for a product that fits into what they already sell to the same public-works customers, which is why a specialist manufacturer with a narrow catalogue and a wide customer overlap tends to attract a strategic buyer rather than a fund. This is a notification, not an approval: nothing has been permitted yet.

Source: Consiliul Concurenței — press release, September 2026 →Consiliul Concurenței — press releases →

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