OSLO, NORWAY: BEWI ASA has acquired 51 per cent of Volker Gruppe, is a trader of compacted and recycled material. It operates two facilities in the UK and Scotland, where they compact material, and leases compactors to customers.
Volker Gruppe is one of the largest suppliers of EPS waste to BEWI Circular, with an annual collection of approximately 6,000 tonnes of EPS, in addition to several other types of waste streams, including LDPE, HDPE, WEEE, OCC and Paper. The company trades and processes around 25,000 tonnes of plastics and paper per year globally.
“This is a strategically important acquisition to us. Through Volker, we secure streams of collected material for recycling, bringing us closer to our target of becoming a circular company. It also provides us with a platform for further consolidation in the UK,” says Henrik Ekvall, Managing Director of BEWI Circular.
BEWI has a future option to acquire the remaining 49 per cent of the shares in Volker Gruppe.
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.