TOMRA Systems

M&A Activity • Sep 22, 2025

TOMRA: Acquisition of collection solution provider C&C Consolidated Holdings, LLC's entire assets

TOMRA: Acquisition of collection solution provider C&C Consolidated Holdings, LLC's entire assets

TOMRA has entered into an agreement to acquire all of the assets of C&C

Consolidated Holdings, LLC ("C&C"), which through its subsidiaries is a leading

provider of "bag drop" solutions for collection and processing of beverage

containers in the United States, operating under the CLYNK brand.

Bag drop is a convenient collection method whereby consumers can drop off entire

bags of empty beverage containers at collection points and have their deposit

refunded. It is a well-established and popular complement to reverse vending

machines and redemption centers in North America with strong growth potential.

"We are excited to welcome this new member of the TOMRA family. This acquisition

not only strengthens our position in the North American market but also enhances

our ability to provide innovative and convenient recycling solutions to

consumers. The integration of C&C's bag drop technology with TOMRA's existing

infrastructure will create significant synergies and drive additional growth. We

look forward to leveraging C&C's expertise to further our mission of leading the

resource revolution," says Marius Fraurud, EVP TOMRA Collection.

Founded in 2006, the acquired group of companies mainly operates in the

northeastern U.S. They supply retail stores with bag drop points and refund

customers their deposit through a digital platform that integrates with the

retailers. Collected bags are transported to material recovery facilities where

containers are counted and validated before refunding the deposit value.

Revenues have grown over 15% annually in the period 2020-2024 and amounted to

approx. 25 MEUR during the last 12 months.

TOMRA will pay a consideration of 45 MUSD (approx. 38 MEUR) for the shares. An

additional consideration of up to 15 MUSD (approx. 13 MEUR) will be contingent

on performance milestones up until the end of 2027 as part of an earn-out

structure. The purchase price represents an expected 2027 EV/EBITA multiple

below 10x. The acquisition will be financed on a debt basis. Closing of the

transaction is expected before the end of the third quarter 2025.

Asker, 22 September 2025

TOMRA Systems ASA

For questions, please contact:

Daniel Sundahl, Head of Investor Relations: +47 913 61 899

For media inquiries, please contact:

Mathilde Hellenes, VP Public Relations: +47 456 78 255

TOMRA develops solutions that enable circular economies and optimal resource

productivity through automated identification, collection, grading, and sorting

of resources. We optimize how resources are obtained, used, and reused - turning

waste into valuable resources. Our vision is to lead the resource revolution and

enable a world without waste.

TOMRA has approximately 113,700 installations in over 100 markets worldwide. The

Group had total revenues of EUR 1,348 million in 2024 and employs 5,300 people

globally. TOMRA Systems ASA is publicly listed on the Oslo Stock Exchange (OSE:

TOM). For further information about TOMRA, please visit www.TOMRA.com

This stock exchange notice contains inside information pursuant to the EU Market

Abuse Regulation and is subject to the disclosure requirements pursuant to

Section 5-12 the Norwegian Securities Trading Act.