The final transaction value will be determined based on a standard formula, starting from a base value of EUR6.7 million, which will be adjusted according to the actual level of working capital, in accordance with the mechanism agreed upon by the parties.
The final value will be determined based on the financial statements as of June 30, in the coming period.
The production facility is located in Okondo, in northern Spain, approximately 20 kilometers from Bilbao, and has an annual production capacity of 16,000 metric tons. The plant serves a solid customer base in Spain, France, and Germany and recorded revenue of EUR29.4 million in 2025.
Over the next three years, TeraPlast will invest approximately EUR4 million to upgrade and expand the plant’s production capacity, as well as to integrate it into the Group’s operational structure.
The production facility is equipped with modern European technology and is being acquired along with the local team of 79 employees.
(English version by Loredana Fratila-Cristescu)