Italy’s Novamont, a world leader in the development and production of biochemicals and compostable bioplastics, announced today it has acquired Biobag Group, a Norway based leading supplier of low-impact solutions for waste collection and packaging. The acquisition will allow Novamont to benefit from Biobag’s highly specialised independent distribution in areas where the buyer is less present.

The two companies will be able to offer a more complete solution set to the market and to create long-lasting alliances with key stakeholders such as large retailers and communities. Together they plan to build even more demonstrators (innovative projects that enhance separate organic waste collection and composting systems) especially in North America, the Scandinavian countries, Eastern Europe and Australia.

The transaction is an important step forward in a collaborative journey that began twenty-five years ago. Novamont’s original vision in the 1990’s was to build an integrated value chain for bioplastics and biochemicals linked to initiating and improving the separate collection of organic waste. This became the starting point for what is now called the circular bioeconomy to which both Novamont and Biobag have made important contributions.