BEWI strengthens its automotive business by acquiring assets from insolvent part of Philippine group
BEWI ASA, a leading provider of packaging, components, and insulation solutions, today announces that the group has signed an agreement to acquire assets related to the production of EPP-based components from the insolvent group Philippine & Co GmbH Technische Kunststoffe KG (Philippine TK). Through the acquisition, BEWI increases its capacity, broadens the customer base, and further solidifies its leading market position within the production of EPP components for the automotive business. “The agreement enables us to further strengthen our capacity to serve leading European car