Romanian building materials group TeraPlast announced in June 2026 that it would take over a polyethylene pipe factory in Okondo, near Bilbao, from the Aliaxis portfolio. The deal completed on 1 July.
Buying a running plant gave TeraPlast 16,000 tonnes of annual capacity and a team of 79 people. The site came with existing customers and had generated €29.4 million in revenue in 2025.
TeraPlast inaugurated the renamed TeraPlast Iberia factory on 23 July 2026. It plans to invest €4 million over three years to raise output by 60% and lift the EBITDA margin above 10%.
A carve-out from a larger group can offer a fast route into a market, and the site can then serve as a hub for neighbouring regions. TeraPlast intends to supply Western Europe and North Africa from Okondo.


