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Closing: Bewi's Acquisition of BalPol now Closed

Closing: Bewi's Acquisition of BalPol now Closed

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On September 1, 2022, Cobalt announced that Bewi's Acquisition of BalPol (reported by CEE Legal Matters on July 22, 2022) has now closed.

As previously reported, Cobalt advised Bewi on its acquisition of the Lithuanian insulation company UAB Baltijos Polistirenas. Triniti advised the sellers on the deal.

Bewi is a provider of packaging, components, and insulation solutions. 

According to Cobalt, “BalPol is the market leader in Lithuania for insulation solutions from expanded polystyrene and PIR, and for EPS packaging solutions. By acquiring 100% shares of BalPol, Bewi will stand as a market leader in Lithuania by broadening its insulation offering and having new products such as PIR and MW sandwich panels and PIR insulation boards.”

Cobalt’s team included Partner Elijus Burgis and Managing Associate Deimante Pagiriene.

Triniti's team was led by Partner Giedre Ciuladiene.

Cobalt at a Glance

COBALT is a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 250 attorneys and support staff. During 25 years of experience, we have become a strategic partner to our clients in handling both daily matters and complex large–scale transactions and disputes.

The firm’s broad spectrum of expertise and established position as the market leader gives a comprehensive basis for providing full-service business law advice.

Top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups are among our clients. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 7 times receiving Chambers Europe, IFLR, The Lawyer and Mergermarket awards, and we are regularly listed amongst the top-performing M&A legal advisors in the Bloomberg, Refinitiv and Mergermarket deal tables. Recognized as the No.1 Lithuanian law firm in the Prospera Law Firm Review 2021 and No. 1 law firm in Latvia in 2022, 2020, 2019, and 2018 client satisfaction surveys. We were recognized as a Baltic-wide Law Firm of the Year at the 2022 Chambers Europe Awards ceremony and named the Baltic States Tax Firm of the Year and Pro Bono Firm of the Year at the annual ITR EMEA Tax Awards 2021 ceremony. 

More information on COBALT can be found at www.cobalt.legal.