Bewi Invest AS

M&A Activity • Feb 28, 2022

BEWI announces intention to acquire Scandinavian paper packaging company

BEWI announces intention to acquire Scandinavian paper packaging company

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

announces that the company has entered a letter of intent to acquire 100 per

cent of a leading Scandinavian paper packaging company.

The target company is mainly manufacturing fibre-based packaging products, with

an annual revenue in the range of EUR 12 to 14 million, with solid EBITDA

margins in the range of approximately 18 to 20 per cent.

"Through this acquisition we are strengthening our offering within fibre-based

packaging, in line with our strategy to provide our customers with complementary

and sustainable solutions," says Christian Bekken, CEO of BEWI.

The acquisition is conditional upon a signed sale and purchase agreement, as

well as customary conditions, and closing is expected in the second quarter of

2022. The total consideration is expected to be in line with BEWI's historical

M&As, i.e., with an EV/ EBITDA multiple in the range of 5 to 7.

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.

The information is such that BEWI ASA is required to disclose in accordance with

the EU Market Abuse Regulation. The information was submitted for publication,

through the agency of the contact person set out above, at 08:00 CET on 28

February 2022.