OSLO, NORWAY: BEWI has signed an settlement to purchase the Norwegian paper packaging company Trondhjems Eskefabrikk AS.
Trondhjems Eskefabrikk is manufacturing fibre-based packaging products, carton boxes to the meals industry, that are 100 per cent recyclable. Also, a significant share of the uncooked materials utilized by Trondhjems Eskefabrikk is recycled fibres.
“The acquisition of Trondhjems Eskefabrikk provides us with an prolonged providing of recyclable and recycled products. This is in line with our technique to present our customers with complementary solutions, on the identical time supporting our sustainability goal to extend the use of non-fossil uncooked materials,” says Christian Bekken, CEO of BEWI.
For 2021, Trondhjems Eskefabrikk had a income of roughly EUR 13.5 million, up from EUR 11.7 million in 2020. The total consideration will be settled in money upon closing and is in line with BEWIs historic M&As, with an EV/EBITDA a number of within the vary of 5 to 7.
The acquisition is conditional upon customary conditions, and shutting is anticipated within the second quarter of 2022.
BEWI is an worldwide supplier of packaging, components, and insulation solutions.
www.bewi.com