BUCHAREST - May 2022 - ONV LAW and their partners, Arthur Hunt Consulting, have proudly contributed to a successful accelerated organizational transformation process of their client, Policolor-Orgachim Group, the regional leader in the field of paint and varnish technology in the South-East European area. One year after the turn around started, the company reports a 79-million Euro turnover in 2021, representing a 24 percent increase from the previous year.

"We are proud to be part of this successful business transformation project! Many thanks to Irina Mandoiu, CEO of Policolor-Orgachim Group, for her trust and also congratulations to our business partners from Arthur Hunt. This is great team work!" - Mihai Voicu, ONV LAW partner, stated right after the Group went public with their 2021 results.

Leading executive search international player Arthur Hunt and ONV LAW launched last year an advisory joint venture - the first of this kind in Romania - aimed at serving the dynamic and growing market of mergers and acquisitions, currently estimated at 3 billion Euro in this Eastern European market. This business line provides integrated HR services and legal advisory to assist companies in restructuring, transformations and integrations following mergers and acquisitions and the first client of the venture was Policolor-Orgachim.

Last year, the Group’s best-selling products were water-based paints and plasters and paints for metal, as well as resins (used in the chemical industry). In 2022, the Group aims for a 13.5 percent increase in sales and a turnover of up to 90 million euros, on grounds of an effervescent real estate and construction market. This will continue to drive increased demand – especially on the segment of water-based paints and decorative plasters, which represent over 80 percent of the total market.

In 2021, the Policolor-Orgachim Group started a major organizational transformation process, which will be completed, according to internal estimates, at the end of 2022. The group is operating changes at multiple levels: processes and operational management, divisions, organizational culture, including the growth and efficiency of its production capacities, digitalization and rethinking of the retail strategy on the e-commerce segment, in line with the latest market evolutions and trends. The process is coordinated by Arthur Hunt Romania, which provides human resources and organizational culture assistance and ONV LAW, providing the necessary legal assistance throughout the project.

“The transformation process will continue until the end of 2022, when we will be able to completely assess our results. The transformation engages all company departments, as well as the entire management team and involves an evaluation and a change in the way the company operates in the market. The results registered so far have involved a consistent effort, both internally and from our external consultants. From the HR perspective, Arthur Hunt Romania team coordinated and supported our efforts and ONV LAW supported us in all legal steps related to the transformation,” Irina Mandoiu, CEO of Policolor – Orgachim, states in a recent press release.