BEWi completes company acquisition in Finland02-01-2018
BEWi completes company acquisition in Finland
BEWi, one of the leading players in the Nordics for the development and production of insulation products and customized packaging solutions made from cellular plastic, EPS, has acquired Ruukin EPS, a Finnish manufacturer of insulation material.
BEWi operates a successful insulation and packaging business in Sweden, Norway and Denmark. In the Finnish market, BEWi is well established with its production of cellular plastic, expanded polystyrene (EPS), and insulation products made of extruded polystyrene (XPS).
In 2016, BEWi acquired the Finnish XPS manufacturer M-Plast, which produces insulation materials for building construction. In the same year, BEWi invested in extrusion technology at its facility in Porvoo to enable expansion of the product portfolio and production capacity. The acquisition of Solupak in 2017 strengthened BEWi’s position as a complete supplier in Finland and in the Nordic region.
BEWi is now acquiring the Finnish company Ruukin EPS, which has sales of approximately EUR 2.5 million, and manufactures insulation products at a plant in Ruukki, Finland. Through this acquisition, BEWi primarily gains better geographical coverage in Finland and will also be able to offer insulation material and packaging solutions in expanded polystyrene (EPS) as it does in the rest of the Nordics.
“The acquisition of Ruukin is entirely in line with our growth strategy,” says Christian Bekken, CEO of BEWi Group.
For further information, contact:
Marie Danielsson, CFO BEWi Group. Tel: 0046 70-661 00 47.