HEXPOL AB (OM:HPOL B) signed an agreement to acquire UNIÓN DE INDUSTRIAS C.A. S.A. from Espiga Equity Partners, S.G.E.I.C., S.A. for €48 million.
April 11, 2021
Share
HEXPOL AB (publ) (OM:HPOL B) signed an agreement to acquire UNIÓN DE INDUSTRIAS C.A. S.A. from Espiga Equity Partners, S.G.E.I.C., S.A. for €48 million on April 12, 2021. The consideration is on a cash-free and debt-free basis. The transaction was funded by a combination of cash and existing bank facilities. UNIÓN DE INDUSTRIAS C.A. S.A. has turnover of €40 million. The transaction will close after regulatory approval, which is estimated to the second quarter of 2021. Altamar Advisory Partners EAFI, SL acted as a financial adviser to Espiga Equity Partners, S.G.E.I.C.
Hexpol AB is a Sweden-based company engaged in the development, manufacture and marketing of polymer products. Its operations are divided into two business areas. The HEXPOL Compounding business area develops and manufactures advanced polymer compounds for demanding applications, and includes 25 production units with production, sales and development operations, which are divided into four areas: the geographic regions of North American Free Trade Agreement (NAFTA), Europe and Asia, as well as the HEXPOL Thermoplastic Elastomer (TPE)-Compounding product area. The HEXPOL Engineered Products business area offers a combination of material and application technology in polymer materials and special components, and develops and manufactures rubber gaskets for plate heat exchangers and rubber and plastic wheels for forklifts. The Company focuses mainly on the Original Equipment Manufacturer (OEM) customers. In August 2014, Hexpol AB completed the acquisition of Kardoes Rubber.
HEXPOL AB 
