BEWI announces acquisition of the Lithuanian insulation company BalPol
With reference to the stock exchange notice of 18 February 2022, where BEWI announced that it had entered a letter of intent to acquire 100 per cent of a Baltic insulation company, the company today announces that it has signed an agreement to acquire the Lithuanian insulation company UAB Baltijos Polistirenas (“BalPol”). BalPol is the market leader in Lithuania for insulation solutions from expanded polystyrene (EPS) and PIR, and for EPS packaging solutions. BalPol, which was established in 2002, has approximately 150 employees and currently operates two downstream facilities, whereas