BEWI announces intention to acquire Baltic insulation company
BEWI, a leading provider of packaging, components, and insulation solutions, announces that the company has entered a letter of intent to acquire 100 per cent of a Baltic insulation company. The Baltic company operates facilities for manufacturing of insulation solutions and has recorded profitable growth recent years, with net sales in the range of EUR 25 to 30 million and solid EBITDA margins in the range of 10 to 15 per cent. “Through this acquisition, we are expanding our geographic footprint into the Baltics, a region we find very interesting both in terms of sales growth, and