Bong acquires Norsk Konvolutt AS

Bong strengthens further its market position in Norway by acquiring Norsk Konvolutt AS (Norkon) in Sandefjord, Norway.

Norkon has annual revenues of some 15 MNOK and 10 employees. Through the acquisition, Bong’s opportunities to create improved customer values on a broader customer base will be increased.

Significant synergies are expected to be generated within production as well as purchasing, administration and sales.

The acquisition is made with cash and the sellers are 6 private share holders, whereof some are employed by the company.

Bong is a fast-growing international envelopes company. The Group has an annual turnover of some SKr 2.5 billion and around 1,900 employees. It has an annual production of some 16 billion envelopes at factories in Sweden, Denmark, Norway, Finland, Germany, Great Britain, Ireland, Belgium, Poland and Estonia. In recent years, Bong has played an active part in the current process of restructuring in the European envelope industry and sees valuable potential for further expansion. The acquisition of Bauwens in January 2000 was an important step in this process, making Bong one of Europe’s leading envelope companies.

Kristianstad, Sweden, November 30, 2000

BONG LJUNGDAHL AB

Lennart Pihl
MD and CEO

Further information may be obtained from Lennart Pihl, President and CEO, Bong Ljungdahl AB

Telephone (switchboard) +46 44 20 70 00
(direct) +46 44 20 70 50
(mobile) +46 70 594 68 66

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