Clarification: Bong’s Luxembourg transaction limited to Tycon

Referring to Bong’s press release from February 1 regarding the takeover of Tycon in Luxembourg, Bong hereby wishes to clarify that the deal only comprises Tycon, a production unit specialized in converting Tyvek® material into envelopes and packaging solutions. The DuPont Tyvek® plant, also located in Luxembourg, is thus not involved in the transaction but remains the supplier of the unique Tyvek® material to Tycon.

Tycon has around 20 employees and is specialized in converting of Tyvek® material to different kinds of envelopes and packaging solutions. The deal is expected to contribute positively to Bong’s result from the first quarter 2010.

Tyvek® is a spunbonded polyethylene material developed and manufactured by DuPont. It is light, thin and flexible but also extremely tough and durable. Tyvek® is, for example, tear and water resistant and therefore highly suitable for protective envelopes and postal packaging solutions. Furthermore, it is readily recycled.

Since the fall of 2009, Bong has an exclusive agreement with DuPont for the converting and distribution of Tyvek® envelopes and packaging solutions in Europe.


For additional information, please contact Anders Davidsson, President and CEO of Bong Ljungdahl AB. Telephone (switchboard) +46 (0)44 20 70 00, (direct) +46 (0)44 20 70 80, (mobile) +46 (0)70 545 70 80.

Bong is a leading European provider of specialised packaging and envelope products and offers solutions for distribution and packaging of information, advertising materials and lightweight goods. Two important growth areas in the Group are the new ProPac packaging concept and Russia. The Group has annual sales of approximately SEK 2 billion and some 1,200 employees in around 12 countries. Bong has a strong market position, particularly in Northern Europe, and the Group sees attractive opportunities for further expansion and development. Bong is a public limited company and its shares are quoted on the NASDAQ OMX Nordic Stock Exchange Stockholm (Small Cap).