JACKON UK & JABLITE Combine After Corporate Merger of BEWI & JACKON

JABLITE and JACKON UK are set to form a new, united force in the UK insulation and construction products sector. The two brands combined will become the first UK manufacturer to offer both EPS (expanded polystyrene) and imported XPS (extruded polystyrene) solutions.

This follows the completion of the merger between JACKON and BEWI on 12th October 2022.

BEWI is the owner of JABLITE, the UK’s largest producer of EPS products for the construction industry. It is a leading manufacturer of insulation and civils products, which include the JABLITE thermal floor system, JABLITE ground heave protection and the leading brands Fillmaster, Claymaster and Jabfloor.

Meanwhile JACKON owns the JACKOBOARD® brand of backerboards, as well as THERMOMUR® ICF and JACKODUR® ATLAS building systems. These brands are amongst the market leaders in the UK.

Both businesses are excited about the improvements and the innovations they will be able to deliver together. As well as shared customers and new routes to market, JABLITE’s manufacturing sites provide new opportunities for JACKON UK in terms of production and warehousing with the potential of transport synergies.

Colin Higham, managing director, JACKON UK, says: “This development is very exciting for us. 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.”

John Cooper, managing director of JABLITE, adds: “There are many opportunities for collaboration. JACKON has some great products that our customers have already expressed an interest in buying from the new BEWI UK business that we will become.

“Our product portfolios are complementary, and we look forward to working with the JACKON team to identify opportunities for new product development,” he says.

About BEWI ASA

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 the ticker BEWI.

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
437m.

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.”