BEWI becomes owner of 100% of recycling company Inoplast

BEWI, a leading provider of packaging, components, and insulation solutions, announces that the company has acquired an additional 66 per cent of the Czech recycling company Inoplast s.r.o. (“Inoplast), becoming owner of 100 per cent of the company. BEWI first announced its acquisition of 34 per cent of Inoplast in March 2021.

Inoplast specialises in recycling of plastics, mainly expanded polystyrene (EPS), but also other types of plastics. The company has a recycling facility located approximately 35 km from Prague in the city of Slaný, with modern and versatile machinery, allowing for recycling of various plastic waste. In addition to recycling EPS, the company recycles polypropylene (PP), HDPE (high density polyethylene) film, PET, and various other plastics from production waste.

Inoplast, which will be consolidated into BEWI’s accounts from 1 December 2022, has annual revenues of approximately EUR 6 million with healthy EBITDA margins.

For further information, please 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.