HIFA OIL TAKES OVER GERMAN COMPANY LB PROFILE: „SLOBODNA BOSNA“ ABOUT THE DETAILS OF THIS BIGGEST ACQUISITION IN THE HISTORY OF THE COMPANY FROM TESANJ

Mid of last week, we published in "Slobodna Bosna" that a private company from Tesanj EURO ROAL (a daughter company of HIFA OIL) has purchased the German company LB Profile, but more details about this, for our conditions spectacular transaction, we have found out only today when the representatives of EURO ROAL returned to Tesanj after the successfully finalised negotiations in Germany.

Managing director of the company EURO ROAL Admir Djedovic did not want to reveal the price they paid for the takeover of the German company, but he explains they won in the competiton of more interested buyers willing to buy the renown German manufacturer of PVC profiles.

-The company is in great state. Equipped with advanced technology which is state-of-the-art in the industry of artificial profiles. Since 1960, they develop profile systems of broad application, mainly for doors and windows, as well as industrial profiles. They have huge experience, knowledge and advantages in the extrusion branch in different systems of PVC profiles. based on the competence in the field of production and work on extruders, they are able to develop specific profiles upon customer request with high parameters of reliability and functionality, and due to all of this there were many investors interested for the takeover of that company. But, we won thanks to the best offer, reveals Admir Djedovic in his talk to Slobodna Bosna.

According to his words, the German company LB Profile is located in Herbstein, in the federate state Hessen, employs 45 people, its plant spreads on 26 700 square meters, the company has 12 installed extrusion lines,as well as utomated production lines.

-But the biggest value of the company is the great team of engineers and highly qualified workers, who are well known for several innovations and creative solutions. For us it is important that the whole team stays together, we successfully negotiated that as well. LB Profile operates mainly in Germany, but have a solid position on the EU market, especially the Netherlands and Belgium. Our cooperation with the German company lasts since Autumn last year, and we have managed to set up great business relationships with mutual respect in a short time, which opened the door to start negotiating on the takeover of the company, says Djedovic.

The director of the company EURO ROAL from Tesanj, Admir Djedovic explains that by taking over the German company, the whole palette of raw material has been closed – artificial profiles - from aluminium, inox, and now PVC. -EURO ROAL employs 40 people and is one of the leading distributors of aluminium and PVC profiles, materials from inox and construction fittings in B&H. Last year we increased our income for 45% in comparison to 2015. The total sales of aluminium range 2016 amounts 1 300 tons, whereas for the inox range the quantity sales amounted to 1 200 tons. Last year, we employed18 new people, and the storage place was increased for a total of new 3 500 m2 for inox assortment. This means we took over a company in Germany which is bigger than our company in B&H, and of course we could have not achieved this without the whole HIFA OIL Group who stands behind us. Now we have a good combination of production and sales, and that is our main strategic advanatage, says Djedovic.

The Director of EURO ROAL says that their German company will be managed by the same management team so far, and the only changes will be in increase of the production and number of employees. „There is space to grow on the German as welll as on our market, and the market of the whole region which we now inted to attack more aggressively in order to use the competitive advantage. Our goal is to be the leader on the market of B&H and the region in this business and I think we are on the best way to achieve this goal in the following two to three years, confidently says the director of EURO ROAL from Tesanj, Admir Djedovic.

"THE ID CARD" OF HIFA GROUP

HIFA Group Tesanj is owned by the brothers Ahmetlic - Hajrudin, Izudin and Fahrudin, and the company name is actually the acronym of their names and last name.

HIFA OIL (run by Izudin Ahmetlic) is the leader in oil and oil derivatives trade in B&H, with 20% share on the domestic market of white oil derivatives, and the first in distribution of black derivatives on the domestic and the markets in the region in the field of asphalt paving in Austria, Slovenia, Croatia and other countries of the region. Last year was completed with a total quantity realisation of about 300 000 tons of different derivatives in 9 countries in the region.

Together with its sister companies EURO ROAL, EURO METALI, EURO STIL, EURO POWER, PETROBIT, BITROL Slovenia, and now LB.Profile, HIFA OIL employs a total of 257 employees. Beside this one in Germany, in 2017 new acquisitions in the areas which will stregthen the market position of the sister companies are planned.

The goal is the domestic, regional and European market with a strong HIFA OIL and its technologically superior sister companies. Furthermore, a modernisation of the biggest oil terminlas in B&H, a recertification according to the ISO 14001 standard which refers to ecology, and the construction of petrol stations in the ownership of HIFA OIL are planned.