Bong acquires Bording Polska

12/22/2000 8:45 AM EST

Bong has today through its Polish subsidiary agreed to acquire the
business in Bording Polska. The deal is expected to be finalized early
next year and is conditioned by a due diligence.

Bording Polska distributes and overprints envelopes to the Polish market
and has annual revenues of approx. 5 MSEK.

The operations will be integrated with Bong's current business in Poland
and will further strengthen Bong's position on the fast growing Polish
envelope market.

Bong is a fast-growing international envelopes company. The Group has an
annual turnover of some SKr 2.5 billion and around 1,900 employees. It has
an annual production of some 16 billion envelopes at factories in Sweden,
Denmark, Norway, Finland, Germany, Great Britain, Ireland, Belgium, Poland
and Estonia. In recent years, Bong has played an active part in the
current process of restructuring in the European envelope industry and
sees valuable potential for further expansion. The acquisition of Bauwens
in January 2000 was an important step in this process, making Bong one of
Europe's leading envelope companies.

Kristianstad, Sweden, December 22, 2000

BONG LJUNGDAHL AB

Lennart Pihl
CEO and MD

For further information, please call: Lennart Pihl, President and CEO
Telephone: +46 044 20 70 50 or Mobile: 070 - 594 68 66