BVB-listed construction materials manufacturer TeraPlast enters Spanish market
TeraPlast Group (BVB: TRP), the largest polymer processor in South-Eastern Europe, announced on Monday, June 8, that it has reached an agreement to acquire, through a business transfer, the MASA polyethylene pipes business of Aliaxis in…
Radu Dumitrescu · Journalist
· Updated · 2 min read
TeraPlast Group (BVB: TRP), the largest polymer processor in South-Eastern Europe, announced on Monday, June 8, that it has reached an agreement to acquire, through a business transfer, the MASA polyethylene pipes business of Aliaxis in Spain.
The production facility is located in Okondo, northern Spain, around 20 km from Bilbao. The transaction price will be determined and paid at closing, based on a usual formula starting from a base value of EUR 6.7 million, which may be adjusted downwards depending on the actual working capital.
