Top interior contracting company Depa said it has wholly acquired Carrara Mid East Industrial Company, one of the region’s first, and the market’s leading producer and installer of high quality stone.

Carrara operations include three facilities located in the UAE which serve the Middle East, India, and Africa at the high quality level with which the company’s brand has become associated. 

Carrara was a well-known marble producer with an enviable track record of over three decades in the region, said a top Depa official.

Commenting on the deal, Hadi El-Solh, Depa’s managing director (Investments), said, 'The acquisition is another important step in our longstanding vertical integration strategy of acquiring leading suppliers in our core business markets. We already have a close working relationship with Carrara having both worked on key iconic projects such as Burj Khalifa and Burj Al Arab.'

'There are strong synergies between Depa and Carrara which will be unlocked as a result of this transaction, particularly given that the majority of our projects have stone requirements,' he observed.

'Furthermore, Depa will provide the necessary support to continue Carrara’s international expansion drive to serve clients outside of Depa, in growing markets such as Saudi Arabia, India, and even Azerbaijan and Nigeria,' he added.

Michel Melki, general manager of Carrara, said Carrara’s corporate mission has always been to build a market leading company offering the highest quality of imported stone and manufacturing workmanship, for both natural and agglomerated stone, as well as the highest standards of installation with focus on supply and installation for key projects.

'We are delighted to continue and build on this tradition of excellence by joining the Depa group, which will no doubt help Carrara develop its leading position in the broader region even further. The management team will continue to lead the business and remains committed to all of its existing, and prospective, clients and suppliers,' he added.

Carrara, founded in 1977, was one of the first companies to establish a marble processing factory and import the highest quality marble in the region.

Its work portfolio includes major regional and international projects such as Burj Al Arab, Royal Mirage Hotel, Mall of the Emirates, Dubai Festival City, Deira City Centre, The American Hospital Dubai, Yas Island Marina Hotel, Aldar headquarters, Turkmenistan Parliament Building, Presidential Palace and President Hotel. -TradeArabia News Service