# BEWI acquires EPP component assets from insolvent Philippine TK

BEWI ASA signed an agreement to acquire assets related to EPP-based component production from the insolvent Philippine & Co GmbH Technische Kunststoffe KG, including equipment from two facilities, inventory, and IPR. The deal is expected to close in Q3 2024.

- Type: Acquisition
- Announced: 2024-07-11
- Where: Schkopau, Germany
- Status: announced
- Products: EPP-based components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Bewi](https://endata.com/companies/2598.md) (acquirer)
- [Philippine & Co GmbH Technische Kunststoffe KG](https://endata.com/companies/78563.md) (target)

## Sources

- [inderes.dk](https://www.inderes.dk/en/releases/bewi-bewi-strengthens-its-automotive-business-by-acquiring-assets-from-insolvent-part-of-philippine-group), 2024-07-11: "BEWI ASA, a leading provider of packaging, components, and insulation solutions, today announces that the group has signed an agreement to acquire assets related to the production of EPP-based components from the insolvent group Philippine & Co GmbH Technische Kunststoffe KG."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.