TeraPlast, the parent-company of TeraPlast Group, announces the sale of its window profiles business to Dynamic Selling Group, producer and distributor of window profiles for thermal insulating carpentry.
The decision comes as a result of TeraPlast’s strategy to expand to new businesses and markets. The transfer will be made after obtaining the Competition Council’s approval. TeraPlast has been in talks with two companies – the world leader in the field and the Romanian producer Dynamic Selling Group.
Following the negotiation, the transaction materialized with the Romanian Group at a value of approximately 4.5 million Euro that will be adjusted on the date of the transfer, based on the actual working capital.