Romania's TeraPlast takes over Croatian flexible packaging manufacturer Optiplast
Romanian construction materials producer TeraPlast Group (BVB: TRP), also involved in the manufacturing of polyethylene and bioplastic packaging, announced the signing of a purchase agreement to acquire 70% of the share capital of…
iulian ernst · Journalist
· Updated · 2 min read
Romanian construction materials producer TeraPlast Group (BVB: TRP), also involved in the manufacturing of polyethylene and bioplastic packaging, announced the signing of a purchase agreement to acquire 70% of the share capital of Optiplast, the third-largest flexible packaging manufacturer in Croatia. TeraPlast's shareholders are summoned on November 15 to endorse the deal.
This is a new acquisition for TeraPlast this year after it acquired a majority stake in Moldova's Palplast (for EUR 1.8 mln for 51%) and 100% of Austria's Wolfgang Freiler Group with modern production facilities in Hungary (EUR 16.5 mln for 100%).
