# TeraPlast acquires Aliaxis pipe plant in Okondo, plans €4M investment

TeraPlast acquired a plastic pipe factory in Okondo, Spain from Aliaxis for about €6.7 million. The company announced a €4 million investment to increase production by 60% over three years.

- Type: Acquisition
- Announced: 2026-07-23
- Where: Okondo, Álava, Spain
- Value: $7.10M (6.70M EUR)
- Status: completed
- Capacity: 16,000 tonnes per year
- Products: plastic pipes
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Aliaxis](https://endata.com/companies/2060.md) (target)
- [TeraPlast Group](https://endata.com/companies/34244.md) (acquirer)

## Sources

- [noticiasdealava.eus](https://www.noticiasdealava.eus/alava/2026/07/23/teraplast-invertira-4-millones-fabrica-tuberias-de-okondo-tras-comprarla-11366935.html), 2026-07-23: "TeraPlast compró hace unos meses esta fábrica a la compañía Aliaxis, con sede en Bélgica, con un precio de transacción de unos 6,7 millones."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.