The newly formed company derives from Jablite, which manufactures and supplies EPS products for insulation and civil engineering applications, and sister company Styropack, producer of EPS packaging
BEWiSynbra acquire EPS business in UK. (Credit: Cision.)
BEWiSynbra Group, a producer of expandable polystyrene (EPS) in Europe, announces that the company has entered into an agreement to acquire a minority stake in a UK based newly formed EPS insulation and packaging company.
The newly formed company derives from Jablite, manufacturer and supplier of EPS products for insulation and civil engineering applications, and sister company Styropack, producer of EPS packaging. The new business will be jointly owned by parts of the current management and by BEWiSynbra Group. The name of the business will be Jablite Group and will operate as a stand-alone company, in close collaboration with BEWiSynbra Group.
“BEWiSynbra is very pleased to have this opportunity to invest in Jablite. The fit between our two businesses is a good one with many positive synergies and similarities of outlook. We look forward to supporting the Jablite team to build a new market-leading business in the UK,” says Jonas Siljeskär, CEO of BEWiSynbra Group.
Source: Company Press Release