BEWi ASA (OB:BEWI) completed the acquisition of Baltijos polistirenas, UAB for Ç28.8 million.
August 30, 2022
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BEWi ASA (OB:BEWI) entered into an agreement to acquire Baltijos polistirenas, UAB on July 1, 2022. In year 2021, Baltijos polistirenas reported revenues of approximately Ç31.0 million and an EBITDA of approximately Ç4.3 million. The agreed consideration is in line with BEWI's historical M&As, i.e., with an EV/ EBITDA multiple in the range of 5 to 7, whereas 50% will be settled in cash and 50% through issuance of consideration shares in BEWI ASA. The closing of the acquisition is conditional upon customary conditions and is expected in the third quarter of 2022.
BEWi ASA (OB:BEWI) completed the acquisition of Baltijos polistirenas, UAB for Ç28.8 million on August 31, 2022. As per the terms of consideration, 50% has been paid in cash and 50% has been settled by the issuance of 2,238,188 consideration shares in BEWI at a share price of NOK 64.64 per share.
Bewi ASA is a Norway-based international provider of packaging, components and insulation solutions. The Companyâs products protect and insulate everything from fish and vegetables to fragile products. They are used in walls, roofs and floors, under streets and roads and in bridges. Bewi ASA operates through four core business segments: RAW, a developer and producer of white and grey expanded polystyrene; Packaging & Components (P&C), a developer and manufacturer of standard and customized packaging solutions and technical components for customers in many industrial sectors; Insulation, a developer and manufacturer of a range of products and solutions for the building and construction industry, including foundations, walls, roofs, and ceilings, and Circular that offers different solutions for waste management and collection of used material, as well as offers a range of recycled materials. BEWI serves a range of end markets, such as pharmaceutical, automotive, and infrastructure.
BEWI ASA 
