Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
BMI Group, a supplier of roofing and waterproofing solutions, has decided to shut down its Norwegian operations after more than 130 years in business. This decision affects 159 employees across BMI Norge, BMI Produksjon Norge, and the contractor division IcopalTak. Of these, 45 employees are based in Oslo, 15 at the factory in Årdal, and 99 in IcopalTak.
The closure is due to challenging market conditions in the Norwegian roofing and waterproofing sector, combined with internal business difficulties. Despite efforts to strengthen and improve operations, the company has opted for a controlled shutdown through a restructuring process.
BMI Norge reported a pre-tax loss of over NOK 160 million in 2023, with revenues close to NOK 500 million. The total net loss for 2021–2023 exceeded NOK 200 million. As part of the restructuring, a process will focus on asset sales and the liquidation of the Norwegian business, while also ensuring the completion of ongoing roofing projects. The workforce reduction will be managed through a structured downsizing process before presenting a restructuring proposal to creditors.
BMI Group will continue operations in Sweden, Denmark, and Finland. The company has a long history, dating back to 1895 when Icopal established its factory in Fjellhamar, Lørenskog.
Eurofound (2025), BMI Group, Closure in Norway, factsheet number 202352, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202352.
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