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    HPOL B   SE0007074281

HEXPOL AB (PUBL)

(HPOL B)
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HEXPOL : acquisition of Unica, a Spanish company in Rubber Compounds, is completed

07/07/2021 | 08:46am EST

HEXPOL has today completed the previously announced acquisition of 100% of Unión de Industrias C.A., S.A. (Unica) from Espiga Capital, a Spanish based Private Equity firm. Unica is a significant player in Rubber Compounds in Spain, supplying several demanding customers in the automotive, construction and agriculture sectors.

"Through the acquisition of Unica, we will strengthen our position in Rubber Compounds for demanding customers in Spain and other EU countries. Unica will be a perfect complement to our existing operations in Spain, mainly active in other sectors."

Ralph Wolkener and Carsten Rüter, Presidents HEXPOL Compounding Europe/Asia

 

During the last few years, Unica has made significant investments in equipment and technology and is well positioned to support the transforming automotive market in Southern Europe. The company's strong and experienced Management Team will stay with the company and further drive growth and technical excellence.

"I am pleased to welcome the Unica team, which we have great respect for, to the HEXPOL Group. Unica's focus on customer satisfaction and quality fits perfectly in our Group."

Georg Brunstam, President and CEO

 

Unica's turnover in 2020 amounted to 40 MEUR with a profitability below HEXPOL Group. Unica operates one advanced compounding facility in Corella, Navarra, Spain with some 80 employees.

The acquisition price amounts to approximately 48 MEUR on a cash and debt free basis and is funded by a combination of cash and existing bank facilities. All regulatory approvals and contractual terms for the transaction have been met and the acquisition has been completed. The business will be consolidated from 1 July.

For more information, please contact:

Peter Rosén, Deputy CEO and CFO
+46 (0)40 25 46 60
 

HEXPOL is a world-leading polymers group with strong global positions in advanced polymer compounds (Compounding), gaskets for plate heat exchangers (Gaskets), and plastic and rubber materials for truck and castor wheel applications (Wheels). Customers are primarily systems suppliers to the global automotive and engineering industry, construction industry, the energy, oil and gas sector, medical equipment manufacturers and OEM manufacturers of plate heat exchangers and forklifts. The Group is organised in two business areas, HEXPOL Compounding and HEXPOL Engineered Products. The HEXPOL Group's sales in 2020 amounted to 13,424 MSEK. The HEXPOL Group has approximately 4,600 employees in fourteen countries. Further information is available at www.hexpol.com. 

https://news.cision.com/hexpol/r/hexpol-s-acquisition-of-unica--a-spanish-company-in-rubber-compounds--is-completed,c3381422

https://mb.cision.com/Main/1100/3381422/1442314.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2021 16 026 M 1 732 M 1 732 M
Net income 2021 2 277 M 246 M 246 M
Net Debt 2021 1 181 M 128 M 128 M
P/E ratio 2021 15,4x
Yield 2021 2,65%
Capitalization 35 184 M 3 788 M 3 802 M
EV / Sales 2021 2,27x
EV / Sales 2022 1,95x
Nbr of Employees 4 697
Free-Float 74,6%
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Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 102,15 SEK
Average target price 123,25 SEK
Spread / Average Target 20,7%
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Managers and Directors
Carl Georg Brunstam President & Chief Executive Officer
Peter Karl Rosén Chief Financial Officer, Deputy CEO & Manager-IR
Alf Göran Göransson Chairman
Carsten Rüter President-Global Purchasing & Technology
Eva Christina Malin Persson Independent Director
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