Teraplast becomes Depaco majority shareholder with 60 percent of the capital

The Teraplast Group became a majority shareholder of Depaco, after purchasing an additional package of 10 percent of the company’s shares.

Teraplast completed last week the purchase of 50 percent of the shares of tiles producer Depaco, after the Competition Council approved the takeover.

„Following the acquisition, the Teraplast Group will be able to consolidate both its turnover and Depaco’s profit in its financial statements. We propose that this year Depaco sales will have an important contribution to the consolidated turnover of the Group, the growth premises being on the one hand the development on the domestic market and on the other hand the entry on the foreign markets. Upon entering the Teraplast Group, Depaco already sells in Hungary and Bulgaria,” Mirela Pop, Teraplast General Director said.

In 2016 Depaco posted RON 127 million in turnover, EBITDA of RON 14.36 million and a net profit of RON 10.31. Currently, the production process at the Depaco factory is conducted on over 40 automated production lines.

The Teraplast Group achieved in 2016 a consolidated turnover of RON 398.78 million, EBITDA of RON 61.34 million and a net profit of RON 39.41 million. For 2017 the Group aims for a consolidated turnover of RON 434.6 million and an EBITDA of RON 63.3 million.