Masterplast Nyrt. acquired further shares in its Italian holding. With the purchase of 44.5% of the subscribed capital at a nominal value of EUR 89,000, Masterplast Nyrt. increased its share in Masterplast Italia to 95.5%.
Founded in 1997, Masterplast Group is the largest Hungarian-owned building materials company in the Central European region with a turnover of EUR 191 million in 2021 and nearly 1,400 employees. The company is present in 10 European countries directly through its subsidiaries and in most European countries through its export partners. It has a strong position in the markets for thermal insulation for facades, high-roof insulation and drywall systems, and is also a growing player in the packaging industry with its products for industrial applications. Masterplast has manufacturing sites in Hungary, Serbia and Germany.