Chinese manufacturer UE Furniture has fully acquired a production facility in Timiș County, Western Romania, from local furniture and chipboard manufacturer Rus Savitar.
The transaction comprises 120,000 sqm of land and 60,000 sqm of buildings, according to CBRE Romania, which brokered the deal on the sale side.
The acquisition marks the company’s second investment in Romania, following the opening of a factory in Orăștie.
“Our strategy since acquiring the company has been to pay off all debts and return to profitability as quickly as possible. We have successfully achieved this goal, and we believe that the transaction with UE Furniture (one of the largest furniture manufacturers in China) will lead to significant growth for Rus Savitar and its employees,” says Cristian Rusu, Owner and General Manager of Rus Savitar.
Rus Savitar was repurchased by Rusu from Greenbridge investment fund in 2024. The fund had purchased a majority stake in the company in 2019 and decided to exit the business due to losses.
Mădălin Aresmerițoaie, Senior Consultant I&L at CBRE Romania, said UE Furniture’s deal will ensure the continuation of furniture production in Western Romania.
