“We are looking at acquisitions in Central and Eastern Europe, which has to be looked at compactly. To have critical mass you need to look at a handful of countries. We want to increase share capital and have convened the board of directors. Last year, we looked at 30 companies to buy two. Now, at least two projects are in advanced stages and we stand chances of making the deals this year,” said Alexandru Stanean, CEO of TeraPlast.
In early 2024, TeraPlast bought the Wolfgang Freiler Group from the Austrian Uhl family in a EUR16.5 million deal.
Stanean also said the ideal target for acquisitions was a profitable, high market share, company operating in the same business as TeraPlast or in related fields.
(English version by Loredana Fratila-Cristescu)