TOMRA has entered into an agreement to acquire all of the assets of C&C Consolidated Holdings, LLC ("C&C"), which through its subsidiaries is a leading provider of "bag drop" solutions for collection and processing of beverage containers in the United States, operating under the CLYNK brand.

Bag drop is a convenient collection method whereby consumers can drop off entire bags of empty beverage containers at collection points and have their deposit refunded. It is a well-established and popular complement to reverse vending machines and redemption centers in North America with strong growth potential.

"We are excited to welcome this new member of the TOMRA family. This acquisition not only strengthens our position in the North American market but also enhances our ability to provide innovative and convenient recycling solutions to consumers. The integration of C&C's bag drop technology with TOMRA's existing infrastructure will create significant synergies and drive additional growth. We look forward to leveraging C&C's expertise to further our mission of leading the resource revolution," says Marius Fraurud, EVP TOMRA Collection.

Founded in 2006, the acquired group of companies mainly operates in the northeastern U.S. They supply retail stores with bag drop points and refund customers their deposit through a digital platform that integrates with the retailers. Collected bags are transported to material recovery facilities where containers are counted and validated before refunding the deposit value. Revenues have grown over 15% annually in the period 2020-2024 and amounted to approx. 25 MEUR during the last 12 months.

TOMRA will pay a consideration of 45 MUSD (approx. 38 MEUR) for the shares. An additional consideration of up to 15 MUSD (approx. 13 MEUR) will be contingent on performance milestones up until the end of 2027 as part of an earn-out structure. The purchase price represents an expected 2027 EV/EBITA multiple below 10x. The acquisition will be financed on a debt basis. Closing of the transaction is expected before the end of the third quarter 2025.

Asker, 22 September 2025

TOMRA Systems ASA