On September 1, 2022, Cobalt announced that Bewi's Acquisition of BalPol (reported by CEE Legal Matters on July 22, 2022) has now closed.
As previously reported, Cobalt advised Bewi on its acquisition of the Lithuanian insulation company UAB Baltijos Polistirenas. Triniti advised the sellers on the deal.
Bewi is a provider of packaging, components, and insulation solutions.
According to Cobalt, “BalPol is the market leader in Lithuania for insulation solutions from expanded polystyrene 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 products such as PIR and MW sandwich panels and PIR insulation boards.”
Cobalt’s team included Partner Elijus Burgis and Managing Associate Deimante Pagiriene.
Triniti's team was led by Partner Giedre Ciuladiene.
