Novamont, a world leader in the development and production of biochemicals and compostable bioplastics, has acquired BioBag Group, a Norway-based supplier of low-impact solutions for waste collection and packaging.
WHO: Norway-based BioBag International is among the leading manufacturers of environmentally friendly packaging in Northern Europe. The company works in the development, production, and marketing of certified compostable and biodegradable applications with the goal of concentrating on the quality of existing products and the innovation of new products and concepts. In addition to biodegradable and compostable applications, the group brings to market products based upon Post-Consumer Recycled (PCR) material under the GreenPolly brand. BioBag is based out of Askim, Norway, has a major production site in Estonia, and subsidiaries in Sweden, Denmark, Ireland, Finland, Poland, Australia, Canada, USA, and representatives in many countries.
Novamont is a leader in the development and manufacturing of bio-based and biodegradable bioproducts through the integration of chemistry, agriculture, and the environment. The main fields of application of the company’s bioproducts are packaging, separate organic waste collection, retail purchasing, disposable tableware, farming, lubricants, cosmetics, hygiene, and pharmaceuticals. Novamont has its headquarters in Novara, Italy, and a portfolio of 1,800 patents, 600 people working in four production sites, and two research centers. The group has commercial offices in Germany, France, Spain, and the United States, and operates through its own distributors in 40 countries.
WHY: This deal creates the most vertically integrated group in the bioplastics industry and allows Novamont to further expand into Northern/Eastern Europe, North America, and Australia.
IN THEIR OWN WORDS: Novamont’s CEO Catia Bastioli said: “This agreement allows Novamont to expand its model of circular bioeconomy. By joining our best skills and energies and fully integrating our supply chains we can better serve our partners upstream and downstream while further accelerating circular solutions for different market sectors and for communities pursuing our goal of producing more with less.”
BioBag’s CEO Kjell Ivar Bache is very pleased with the new owners and sees the acquisition as a win-win. “We have been close partners with Novamont for decades and for BioBag this is like coming home. With Novamont, BioBag becomes part of a world-leading bioplastics and biochemicals company. This will enable further international growth together. We are truly excited!” said Mr. Bache.
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