TeraPlast reached 99 percent equity stake in Depaco-Wetterbest

TeraPlast Group, the largest Romanian construction materials producer, increased its equity stake in Depaco with 32 percent, reaching 99 percent. Depaco is a top player on the complete roof systems market through the Wetterbest brand.

As a result of the contract from May 10, 2019, the total investment of TeraPlast in the 99 percent equity stake in Depaco surpasses 17 million Euro. The 5,1 million Euro price for the 32 percent additional stake will be settled until December 2020.

“The acquisition follows the TeraPlast Group’s policy of consolidating its stakes in its subsidiaries. The evolution of this business since entering TeraPlast Group confirms the trust we have had, and we still have in both the company’s potential and the opportunities that the 300 million euros roofing systems market can offer us.” Stated Dorel Goia, Chiarman of the TeraPlast Board of Directors.

The acquisition of Depaco started in 2017, TeraPlast reaching the 67 percent majority of equity stake in January 2018.