COBALT advised BEWI on closing of the BalPol acquisition

COBALT client BEWI announces that the acquisition of the Lithuanian insulation company UAB Baltijos Polistirenas (“BalPol”) has been finalised.

BalPol is the market leader in Lithuania for insulation solutions from expanded polystyrene (EPS) and PIR, and for EPS packaging solutions. By acquiring 100% shares of BalPol, BEWI will stand as a market leader in Lithuania by broadening its insulation offering and having new production such as PIR and MW sandwich panels and PIR insulation bords.

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. Today BEWI has over 40 production facilities around the world and approximately 2,000 employees.

COBALT advised the client on all aspects of the transaction. The COBALT team was led by Partner Elijus Burgis and Managing Associate Deimantė Pagirienė.