BEWI acquires remaining 51 per cent of UK based insulation and packaging company Jablite Group
Statement from Richard Lee
Managing Director, Jablite by BEWI and Styropack by BEWI
BEWI, a leading provider of packaging, components, and insulation solutions, has announced its acquisition of an additional 51 per cent of the Jablite Group, making it owner of 100 per cent both Jablite and Styropack.
Following the announcement by BEWI today, I am very pleased to confirm that I will continue as Managing Director and John Cooper as Financial Director to manage Jablite and Styropack along with the senior management team.
BEWI is a smart, ambitious and innovative business, John and I are both excited to become part of the BEWI Group with the opportunity to invest in growth that membership brings.
We will start integrating our brands into the BEWI Group immediately. From today, we will be operating as Jablite by BEWI and Styropack by BEWI. This will continue for an interim transitional period, while we finalise the integration.
BEWI is also finalising the regulatory approvals for its acquisition of Jackon, a leading raw material supplier and provider of insulation and building systems to the construction industry, as well as special products and packaging, made from expanded polystyrene (EPS) and extruded polystyrene (XPS).
Jackon and BEWI are the two largest integrated providers of EPS in Europe, combining the two, will put BEWI into the number one market position in almost all of its market segments.
This is an exciting moment for us all and a great opportunity to grow into the market-leading supplier of construction, insulation and packaging products in the UK.
Richard Lee, Managing Director, Jablite by BEWI and Styropack by BEWI
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.