Novamont expands international presence with BioBag acquisition
THE DETAILS As a part of the acquisition Novamont will make the most of BioBag’s specialised impartial distribution in areas the place the client is ‘much less current.’
Specializing in North America, the Scandinavian international locations, Jap Europe and Australia, the businesses plan to construct extra demonstrators – progressive tasks that improve separate natural waste assortment and composting methods,
Having labored collectively as companions over the course of 20 years, Novamont said that the acquisition was becoming attributable to a robust cultural compatibility, a extremely appropriate worth chain, and strengthened service capabilities for its companions and clients.
THE WHY? Seeking to improve its concentrate on a round bioeconomy, the acquisition is claimed to permit the 2 corporations to supply a extra ‘full resolution set to the market in a bid to create long-lasting alliances with key stakeholders resembling massive retailers and communities.’
Novamont’s CEO Catia Bastioli mentioned: “This settlement permits Novamont to broaden its mannequin of round bioeconomy. By becoming a member of our greatest abilities and energies and totally integrating our provide chains we are able to higher serve our companions upstream and downstream whereas additional accelerating round options for various market sectors and for communities pursuing our purpose of manufacturing extra with much less.”