HEXPOL AB (publ) (OM:HPOL B) signed an agreement to acquire McCann Plastics, Inc. from the McCann family for approximately $120 million on November 2, 2022. The acquisition price is on a cash and debt free basis and is funded by a combination of cash and existing bank facilities. McCann reported sales of $72 million during the last 12 moths.

The transaction will close after regulatory approval which is estimated to be in the fourth quarter of 2022.