Foamit Group has strengthened its position as the leading producer of foam glass in the Nordic region by acquiring Norwegian Glasopor AS.

Target Company Overview

Foamit Group, a leading player in the glass recycling and foam glass production industry and a member of the Partnera Group, completed the acquisition of Norwegian Glasopor AS in September 2021. This strategic move is aimed at enhancing Foamit Group's growth strategy and solidifying its position as the largest producer of foam glass in the Nordic region, while also making it one of the largest operators in the global market. With this acquisition, Foamit Group expands its operations into Norway, which complements its existing presence in Finland, Sweden, and Denmark.

Established in 2002, Glasopor operates two foam glass production facilities located in Skjåk and Fredrikstad. The company's headquarters is situated in Oslo, and it employs a staff of 34. Glasopor primarily serves a diverse range of clients within the construction sector, demonstrating a strong market presence. In 2020, the company reported net sales of NOK 123 million, approximately EUR 11.5 million.

Industry Overview in Norway

The foam glass industry in Norway is increasingly recognized for its contributions to sustainable building practices and recycling initiatives. As global emphasis on eco-friendly construction grows, the demand for innovative materials such as foam gl