Bewi Invest AS

BEWI acquires remaining 49 per cent of Danish paper packaging company Cellpack

BEWI, a leading provider of packaging, components, and insulation solutions,

announces that the company acquires the remaining 49 per cent of the Danish

paper packaging company BEWI Cellpack (previously named Honeycomb Cellpack),

becoming owner of 100 per cent of Cellpack. BEWI first announced its acquisition

of 51 per cent of Cellpack in April 2021.

Honeycomb provides protective packaging solutions, including design, development

and manufacturing of sustainable packaging which is both recyclable and

biodegradable.

The acquisition of Cellpack has provided BEWI with a broadened product offering

within paper packaging, in line with the company's strategy to provide its

customers with complementary solutions. The BEWI group expects to continue

strengthening its offering and production capacity within paper packaging.

Cellpack is a highly experienced specialist in development and production of

customised paper packaging. The products could be complementary or alternative

to products from expandable polystyrene (EPS). The products are 100 per cent

recyclable and 100 per cent biodegradable.

Cellpack's geographic focus has been the Nordic countries and Germany, where the

company has several close and long-lasting customer relations. The company is

included in BEWI group's Danish operations. The previous owner of Cellpack,

Thomas J. Bladt, will continue as managing director.

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.

About BEWI Denmark A/S

BEWI Denmark A/S operates 7 facilities in Denmark, including two facilities for

collection and recycling. BEWI Denmark has approximately 250 employees.

AI Terminal