Teraplast group acquired control over Depaco after getting the green light from the Competition Council. The antitrust watchdog’s approval comes after TeraPlast had bought 67% of Depaco’s share capital in November 2017, for EUR12.35 million.
Teraplast concluded a promise of sale and purchase with Depaco’s minority associates for the rest of the ownership stake held by them of up to 100% of the company. The deal will be carried out within four years at most, at a price corelated with Depaco’s results in upcoming years.
Depaco’s turnover surged 45% to EUR40 million on the year in 2017. For 2018, TeraPlast plans to continue this upward trend and boost Depaco’s turnover by over 50%.
Depaco is currently developing the factories in Baicoi (Prahova County) and Podari (Dolj County) in order to increase the production and logistics capacities.
TeraPlast Group targets a turnover of over RON900 million in 2018, on seven business lines: installations & fittings, joinery profiles, granules, thermal insulation panels, zincate metallic structures, thermal insulation joinery and metallic tiles, under the brand Wetterbest.