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TeraPlast Group Acquires 70% Stake in Croatian Flexible Packaging Manufacturer Optiplast

2024-10-21 00:00:00

Romanian construction materials producer, TeraPlast Group (BVB: TRP), has announced the acquisition of a 70% stake in Optiplast, Croatia’s third-largest flexible packaging manufacturer. This strategic move strengthens TeraPlast’s presence in the packaging industry, where the group is also involved in polyethylene and bioplastic packaging production.

TeraPlast shareholders are set to convene on November 15 to approve the deal, marking a significant expansion for the Romanian company into the Croatian market. The acquisition aligns with TeraPlast’s growth strategy and further diversifies its product portfolio in the packaging sector.

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