Its earnings before interest, taxes, depreciation, and amortization (EBITDA) reached RON41 million in 2017, down nearly 34% versus 2016, against the backdrop of a lack of investments in infrastructure which had a significant impact on Teraplast, mainly the installations and fittings division.
“This year, we expect an increase of over 100% in EBITDA, after having invested heavily in 2017 in a series of major acquisitions which will have a significant contribution to the group’s results,” Teraplast said in its financial report.
Early June 2017, Teraplast announced the acquisition of Serbian sandwich panel producer Interlemind, following an investment of over EUR6 million.
Interlemind is the first factory abroad opened after 1990 and fully owned by Romanian company.
In 2017, Teraplast group also announced the acquisition of a 67% stake in Depaco, the second largest player on the metallic tile market, through the Wetterbest brand. The series of acquisitions continued with the acquisition of water and gas pipeline manufacturer Politub, which fully joined Teraplast’s portfolio starting October.
Teraplast groups includes the company Teraplast (manufacturer of pipes, granules and PVC profiles), the TeraSteel Bistrita și TeraSteel Serbia subsidiaries (manufacturers of sandwich panels and zincate metallic structures), the TeraGlass subsidiary (manufacturer of PVC windows and doors), the Teraplast Logistic subsidiary (has been coordinating the group’s logistic activities since June 2016), TeraPlast Hungary (distributor), the polyethylene division (the former Politub, manufacturer of polyethylene pipes), and Depaco (metallic tile producer).