On June 3 2019, MASTERPLAST Nyrt. acquired a 24% stake in T-CELL Plasztik Kft.
Founded in 1997, Masterplast, as the largest Hungarian-owned building material manufacturer in the Central European region, is a major supplier partner to domestic building material trading companies. It has a dominant position in the market for components for facade insulation, high roof insulation and drywall systems.
The main activity of T-CELL Plasztik Kft. is the production of polystyrene. The company is capable of producing 300,000 m³ of EPS per year in its two Hungarian plants – Hajdúszoboszló and Zalaegerszeg.
With the acquisition, Masterplast strengthens its position as a professional investor in the Hungarian insulation material market, and can help the polystyrene producer, 10% market share owner T-CELL with its existing manufacturer knowledge base, raw material supply, distribution and logistics background.
With the cooperation of the two Hungarian companies, the existing manufacturing background of Masterplast will be further strengthened. Through purchases, the increase in capacity and the favorable logistics conditions of the manufacturers can help to better use the opportunities offered by the boom of the construction industry.
Concorde MB Partners supported MASTERPLAST Nyrt. throughout the transaction process.