BEWI – Sale of the plastics company Biobe

BEWI, a leading provider of packaging, components, and insulation solutions, announces the sale of the plastics company Biobe AS to BE Form Holding AS, a company wholly owned by BEWI Invest, the majority owner of BEWI.

Biobe AS was acquired by BDH Holding in September 2017, which in turn was acquired by BEWI ASA in August 2020. Biobe is divested to BE Form Holding on similar terms as it was acquired in 2020.

“We strongly believe in the development potential of Biobe, based on the expertise and capabilities of the organisation in Fredrikstad. At the same time, Biobe’s operations are not within BEWI’s core business, and we therefore believe the company will have better growth opportunities in BE Form,” says Stein Inge Liasjø, managing director of BEWI Norway.

Biobe has recently entered a 12-year lease contract with the owner of the facility in Fredrikstad.

Contact:

Charlotte Knudsen, Director of IR and Communications BEWI ASA, tel: +47 9756 1959

About BEWI ASA

BEWI is an international provider of packaging, components, and insulation solutions. The company's commitment to sustainability is integrated throughout the value chain, from production of raw materials and end goods, to recycling of used products. With a vision to protect people and goods for a better every day, BEWI is leading the change towards a circular economy.

BEWI ASA is listed at the Oslo Børs under ticker BEWI.