BioBag International (“BioBag”) is one of the pioneers and leaders in the provision of certified compostable, biodegradable and bio-based plastic applications.

Headquartered in Norway, BioBag offers a comprehensive and extensive product range through its production facilities in Estonia and sales offices in the Nordics, Europe, North America and Australia.

After several years of strong growth, the shareholders wanted to explore a sale of the company to an industrial player and appointed Bryan, Garnier & Co as financial advisor.

Novamont recognized the strategic value of BioBag’s brand, sales capabilities and market knowledge.

With this acquisition, Novamont will expand its presence in the bioplastics value chain to include the development and distribution of a wide range of compostable applications.


About BioBag

BioBag International is a world-leading group of companies working in the development, production and marketing of certified compostable and biodegradable applications. BioBag’s product range is the most comprehensive and extensive in the market. The company’s main goals combine concentrating on the quality of existing products and the innovation of new products and concepts. The group is among the leading manufacturers of environmentally friendly packaging in Northern Europe. In addition to biodegradable and compostable applications, the group brings to market products based on post-consumer recycled (PCR) material under the GreenPolly brand. BioBag has designed a targeted approach of partnering with synergistically aligned companies across the globe to reach thousands of customers worldwide. The main strategy behind the firm’s partner concept is “Think Globally – Act Locally” and its mission is to solve waste challenges through sustainable solutions. With a turnover of EUR 41m and 135 employees, BioBag is based out of Askim, Norway, has a major production site in Estonia, subsidiaries in Sweden, Denmark, Ireland, Finland, Poland, Australia, Canada, USA, and representatives in many countries.

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About Novamont

Novamont is one of the world-leading groups in the development and manufacturing of bio-based and biodegradable bioproducts through the integration of chemistry, agriculture and the environment. The main fields of application of the company’s bioproducts are packaging, separate organic waste collection, retail purchasing, disposable tableware, farming, lubricants, cosmetics, hygiene and pharmaceuticals. Novamont has its headquarters in Novara (near Milan), a portfolio of 1,800 patents, 600 people working in four production sites and two research centres in Italy, and a global turnover of EUR 270m (2019). The group has commercial offices in Germany, France, Spain and the United States and operates through its own distributors in 40 countries. Research & Development accounts for 5% of its revenues and 20% of its workforce. Materials that can fully biodegrade in soil and water have been developed for applications that have a high risk of dispersion in the environment.

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Trygve Ugelstad

Investment Banking

Trygve Ugelstad photo

Ståle Schmidt

Investment Banking

Ståle Schmidt photo

Ole Magnus B. Tenstad

Investment Banking

Ole Magnus B. Tenstad photo

Kristian Melandsø

Investment Banking

Kristian Melandsø

Deal Team

Should you want to know more about this transaction, you can contact one of the team members above

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