# TeraPlast Group acquires Wolfgang Freiler Group for €16.53M

TeraPlast Group has signed an agreement to acquire the Wolfgang Freiler Group from the Uhl family for €16.53 million. The acquisition includes production facilities in Hungary and a distribution division across Central and Western Europe.

- Type: Acquisition
- Announced: 2024-02-01
- Where: Hungary, Hungary
- Value: $17.9M (16.5M EUR)
- Status: announced
- Products: pipes for electrical cable protection, plastic products
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [TeraPlast Group](https://endata.com/companies/34244.md) (acquirer)
- [Wolfgang Freiler Group](https://endata.com/companies/75401.md) (target)

## Sources

- [romanianbusinessjournal.ro](https://www.romanianbusinessjournal.ro/the-romanian-industrial-group-teraplast-group-acquired-two-factories-from-the-austrian-company-wolfgang-freiler-the-acquired-companies-hold-strong-market-positions-in-hungary-czech-republic-austria/), 2024-02-01: "We now formalize the outcome of a meticulous analysis, and precise opportunity calculations."

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