Bewi, a provider of packaging, components and insulation solutions, has planned to merge its trade food packaging business with Stok Emballage (Stok) to create a major Northern European packaging business. Bewi will receive €20 million (US$21.7 million) in cash and a 15% ownership stake in the newly combined entity. The transaction is expected to close by the fourth quarter of 2024 or first quarter of 2025.Bewi’s traded food packaging business, part of its Packaging & Components segment, includes net sales of around €75 million (US$ 81.2 million), primarily serving the seafood industry in Norway and Iceland.
