The Hungarian construction material firm MASTERPLAST Co. Ltd. has informed investors at the website of the Budapest Stock Exchange that it acquired the 100% share in Fidelis BAU Ltd.
According to a share purchase agreement signed on July 1, 2020, the purchase price of the share consists of a fixed amount of HUF 100,000,000, and a variable component depending on the balance sheet of Fidelis BAU Ltd. of the first half of 2020, but the purchase price in total does not exceed HUF 120 million. The planned return on the acquisition is 7 years.
Fidelis BAU Ltd., founded in 2002, is a manufacturer of 'Thermobeton', a thermal insulation lightweight concrete made from recycled raw materials, and a former supplier of the Masterplast Group. Fidelis BAU Ltd. has the necessary official permits for the collection, transport and processing of polystyrene waste, as well as production technology.
With the acquisition of Fidelis BAU Ltd., the production technology required for the recycling of polystyrene waste and all official permits are available within the Masterplast Group, thus the Masterplast Group implements a circular production system called the 'Hungarocell Green Program'.
Top 5 Articles
Duna House Profit Climbs Nearly 70% in Q3 November 24, 2025 
'Recharge' Campaign Launched to Boost Domestic Tourism January 21, 2026 
Richter Earnings Slip as Financial Loss Weighs November 6, 2025 
Asiana Airlines to Launch Direct Seoul-Budapest Flight October 31, 2025 
Genius Automotive Hungarian Subsidiary's CEE Expansion November 2, 2025
