The leading Hungarian material and construction company has been working on the biggest acquisition in its history. The purchase of the business unit of the accomplished German company which manufactures construction and special membranes opens new doors for Masterplast at the biggest markets of the European Union. The company is currently manufacturing such permeable membranes, which are the materials for surgical masks and protective clothing.
On 12 March 2020, Masterplast negotiated a preliminary agreement on the purchase of the accomplished German manufacturer’s unit in Aschersleben. The agreement covers the transfer of rights and liabilities, including especially – but not exclusively – the immovable property, the stock, the contracts of customers and suppliers, the production line and rights related to some intellectual products, such as to trademarks. The unit is responsible for making a big variety of construction diffusion foils and industrial membranes on its own production line. The German company is an active supplier of the high-demand surgical masks and protective clothing of the German manufacturers, marshalling its modern technology in the entire production process. The company will inform its investors about the further details and execution of the project following the conclusion of the contract.
„After over a half-year negotiating process, we have managed to agree on the essential points and the transaction is expected to close before the meeting of the general assembly in April. This acquisition is a historic one for Masterplast. This acquisition involves modern and innovative high technology, important production capacity and share at the biggest market of the EU, which is a great value in itself. This opens the way for further expansion in Western Europe and to join the forefront not only in manufacturing glass fibre but roofing foils as well. This acquisition significantly strengthens our industrial portfolio. By manufacturing special membranes we are able enter the manufacturers of health and hygiene materials, which is more than promising, taking into consideration the current situation.” David Tibor, CEO of Masterplast explained on the news.
Masterplast Nyrt.
Founded in 1997, the Masterplast group is one of the leading building material producer and distributor companies in the Central Eastern European region. The company group owns subsidiaries in 10 countries, and sells products in a further 30 countries. The company is registered in the premium category on the Budapest Stock Exchange, and had revenue of 201,8 million euros in 2022.