After getting the antitrust clearance, Teraplast will acquire an additional stake of 49.99% in Politub, besides the 50% stake it already owns in the latter, reaching a total direct holding of 99.99% and an indirect holding of 0.01% through Terasteel, a subsidiary of Teraplast group, thus, acquiring sole control over the company.
In August 2017, Teraplast and Terasteel signed a sales and purchase agreement for the acquisition of 49.99% Politub shares held by French company Socotub.
Teraplast group has an annual turnover of over RON400 million and its portfolio is structured on seven business lines.
Parent company Teraplast is market leader on external piping and granule segments, and is the second largest player on internal piping market.
TeraSteel subsidiary is the second largest player on sandwich panel market and leader on zincate structures market. Also, Depaco SRL, 60% held by Teraplast, is Romania’s second largest metallic tile producer.