“From the beginning of the year we have promised that the group’s development shall also be made by acquiring businesses in our interest area. The acquisition of Brikston’s assets is another step in this direction after the acquisition of Somplast,” said Alexandru Stanean, TeraPlast CEO.
“These assets add 1,200 tons per year to the current production capacity for industrial polyethylene packaging and 300 tons per year for film recycling. Following the closing, the assets will be relocated to Nasaud to benefit from the synergies thus created. It is a necessary step to reach our objective of becoming leaders on the flexible packaging market in Romania. We already are present on this market and this acquisition strengthens our position and capacity of offering Romanian products on an imports dominated market.”
The assets TeraPlast acquired, located in Sighisoara now, will be transferred to the Somplast plant in Nasaud, which is undergoing a reorganization process after its acquisition by TeraPlast Group. The flexible packaging production of Somplast will continue its activity in the current location and to it the one taken over from Brikston will be added.
At the same time, the rigid PVC recycling factory of the group will be relocated to the Nasaud plant. The processing capacity of the rigid PVC factory is tripling as part of this year’s expansion investments.
The acquisition of Brikston’s assets is part of TeraPlast’s expansion strategy on the flexible packaging market, addressing the industrial segment.
(English version by Loredana Fratila-Cristescu)