I think we will start. My name is Charlotte Knudsen. I'm Head of Investor Relations and Communications in BEWI. First of all, we would like everyone to turn off their cameras and mute, hopefully. Christian Bekken, our CEO, and Marie Danielsson, the CFO, will have a short presentation, and we will have a Q&A afterwards. For the Q&A, please raise your hand, and we will answer the questions as best we can. I will share the presentation, give me one second. Okay. Hopefully now you can see the presentation. Can you see it, Christian? Yeah. Go ahead, Christian, please.
Yes. Welcome to our short presentation of the Jackon Holding and BEWI transaction. Next page. Marie, I leave this to you. You're on mute, Marie.
Sorry. What has happened in the last couple of days is that we have gotten acceptance for our offer to acquire 100 of the shares in Jackon Holding. The Akselsen family, that holds 50%, they have accepted considerations in new shares that will be issued at a price of NOK close to 46 Norwegian kronas, which is then an average of the last 14 trading days' price. The Solgaard family, that holds the residual 50%, they want a consideration in cash. The enterprise value that we have communicated before is between NOK 3.1 billion-NOK 3.6 billion. A higher range is the consideration of shares, or if you have got acceptance in shares. What will happen now is that we will complete our due diligence. There will be a general meeting for the shares that needs to be issued.
Of course, there are some customary closing conditions, which includes then that we need regulatory approvals for this transaction. We know that our major shareholder, BEWI Invest, they will support an issuance of the shares to settle the Akselsen family. We believe we will be able to close the transaction in the first half of 2022. The residual consideration that will be paid in cash, we intend to use available cash resources in BEWI to manage. That is the summary of the transaction.
Yes, as I have said before, as us, Jackon is a vertical integrated insulation packaging provider. Jackon is one of Europe's leading manufacturer of XPS and EPS, and so are BEWI. As I have said many times before also, our aim is to put companies together, merge them together, and make them stronger as a new whole unit than they are standalone. They are an industrial group in Fredrikstad, a leading provider of insulation, building systems, and construction industry, special products, and packaging from XPS and EPS. They have 21 facilities and seven sales locations in eight European countries, and they were established in 1956. As Marie also said, the Akselsen family will join us as one of the large shareholders in the company going forward. Next. Here you can see a picture of how the companies are today.
Two companies in the same geographical areas somewhere, and they are very complementary geographically, but they're also complementary in terms of materials and market segments. BEWI and Jackon are both in EPS. They are both in XPS, Jackon somewhat stronger in XPS. They are both in EPP, BEWI somewhat stronger in EPP, and they are in raw packaging and components, and they are in insulation. Both companies are vertically integrated. You can see a combine of the raw material production will lead to a production capacity on around 285,000 tons, leading this company to be the third-largest raw material producer in Europe. You can also see the country where the companies are present and where BEWI, including now the IZOBLOK acquisition, we are around 2,000 employees and Jackon around 850. Two very complementary companies joining forces together. Next. Marie?
Yes. The combined company then, looking at the LTM end of June, will have a revenue close to EUR 950 million, and an EBITDA of close to EUR 120 million. We will together be close to 2,400 employees. Take next page.
We will continue to accelerate on the value creation story, which BEWI already has started. We think this will make our acceleration toward growth, improving customer shared service, extended product portfolio, sell to a broader customer range, premium solutions. We obviously, when we do acquisition, think and believe we will be a cost leader in our market, and we will continue sharing best practice between our companies. We think that this company has a capacity flexibility which becomes larger, and we believe there is a lot of synergies within logistics and transportation costs to be held. Of course, within knowhow and product development, we will also improve these companies going forward. Obviously, most important of all, we will have an even stronger platform to stand on in terms of sustainability.
Our ability to be a part of every local market to take care of the resources we send out into the circular market will be even stronger as we now are a company with a larger geographical footprint. Next, please. Always repeating ourselves, our key strategic priorities remain the same. We will continue to innovate and search for more sustainable materials, products, and solutions. We will continue to grow in the circular economy, choosing the products which is right for the future, and we will continue to create profitable growth both organically and via M&A going forward as well. Next. Of course, we were very clear on that on our Capital Markets Day. Even though this is a large acquisition, we said that some of the acquisition we were doing were transformative acquisitions.
We will continue to search for new acquisitions, continue to grow our company with smaller add-ons and transform our company into what we have promised to ourselves and the market. We do still believe that one-third of our growth will come from organic growth, and two-third of our growth will come from M&As. We do believe that this platform, together with Jackon, will even be stronger, and there is a greater chance of succeeding with these growth ambitions together with these companies. Next. We are now operating in a large and fragmented market. BEWI and Jackon is set to be our leading consolidator in Europe in its industry. We have solid underlying growth in several business segments. We are growing organically with a strong focus on innovation, sustainable challenges throughout the business, moving towards 100% circular business model, improving financial metrics, stable margins, and improved return on capital.
The purpose of this call also, mostly Q&A. We will, of course, try to answer every question that comes.
I can see that some have already raised their hands, so I will let you know. We will start. There is a lot of people on this call, so we will do our best with the questions. Johan Dahl, please go ahead.
Yes, good afternoon. Johan here at Danske Bank. Just one question. When you have completed this, assuming everything works out well with Jackon, you announced something in the U.K. as well quite recently. What, in your view, is your headroom to continue to grow through M&A, given the balance sheet, what it will look like once these deals have been completed? Can you describe that briefly? Is there more headroom to grow, or do you have to look at the issue of new shares?
There is always consideration from our company to have the optimal capital structure. We have historically both sold real estates, financed throughout bonds and banks, of course, and also done share issues. I could answer like this, and it's easy to understand looking at the company and the capital structure of the company. Yes, we can continue to our growth story, as we have said in the Capital Markets Day, even after we do this acquisition. It's a matter of timing and time, nothing else. If and when or if we do share issues, that will be a consequence of having the optimal capital structure in the company. Beyond what is already said, we do not need to do a share issue, beyond what is said in this deal.
Okay, thanks.
Okay, next one is Herman from Nordea. Please, go ahead.
Thanks. My question goes to the importance of the acquisition for BEWI as a growth platform and consolidator in the European market. Does the Jackon acquisition open new markets or verticals you didn't consider prior to the acquisition?
Of course it will, as we have been in BEWI, a great consolidator in Europe. It's easy to understand when you see the history of Jackon, has also been a great consolidator in Europe, both in terms of context and in terms of history and in terms of platforms to stand on. Our platform to do acquisition has strengthened together with Jackon. Of course it will. Jackon has been also a great consolidator also in Europe.
Thanks.
Okay, are there any other questions? No one else has raised their hands, please do if you have a question. There seems to be no other questions, I think we will conclude the presentation. Thank you for taking the time and participating, thank you, Christian and Marie. We'll conclude the presentation now. Thank you, everyone. Bye-bye.