JACKON & BEWI Announce Completion of Merger

JACKON and BEWI have announced that the merger between the two companies is now complete.

JACKON is the owner of the JACKOBOARD ® brand of backerboards, a market leader in the UK, and also
the THERMOMUR ® ICF and JACKODUR ® ATLAS building systems. BEWI is an international manufacturer of packaging, components and insulation solutions, with strong growth ambitions. Since 2014 it has acquired more than 30 companies in Europe.

JACKON is now wholly owned by BEWI ASA. The two companies are an ideal fit in terms of both markets
and products, making a merger very logical and a benefit to both companies. Up to this point JACKON has been a family-owned industrial group with headquarters in Fredrikstad, Norway. The company was
founded in 1956, and today has approximately 935 employees and 20 facilities in Norway, Sweden,
Finland, Denmark, Germany, Belgium and the UK. For the 12 months up to June 2022, turnover was EUR

Combined, BEWI and JACKON have around 70 facilities, in addition to 12 facilities owned through minority-owned companies, operating in 13 European countries. The company has approximately 3,400 dedicated employees.

BEWI also recently became the owner of 100 per cent of the Jablite Group (increasing its holding from 49 per cent), the largest manufacturer of EPS insulation and packaging in the UK. Going forward, the group expects to be able to maximise synergies between JACKON UK and Jablite with regard to a broadened product offering, unrivalled customer service and a strengthened commitment to sustainability, which is a cornerstone of both businesses. In the short term there are no changes in the day-to-day running of JACKON UK or Jablite.

“We have been looking forward to this day for a long time and we cannot wait to get started with the
integration of our two companies,” says Christain Bekken, CEO of BEWI. “Finally we can welcome all the JACKON employees to our organisation. We really see a great potential in combining our two companies,
creating strong synergies across our value chain.”

Colin Higham, Managing Director of JACKON UK Ltd, says: “I believe this development is very exciting for
JACKON UK, as it provides increased scale and resource in the UK market to underpin future growth, as
well as the ability to serve customers better right across the group.”