Strengthening its presence in the UK market, Swedish compounder Hexpol (Malmö; www.hexpol.com) has acquired the Berwin Group (Dukinfield / UK; www.berwin-rubber.co.uk) for around GBP 25m (EUR 32m).
One of the UK’s leading rubber compounders, the group comprises Berwin Rubber, Berwin Industrial Polymers and Flexi-Cell (UK) with manufacturing facilities in Manchester and Gloucestershire. It has an estimated annual turnover of GBP 40m and employs around 200 people.
“This is a further step in expanding and strengthening the Hexpol Group with a further acquisition within our core business, commented Georg Brunstam, Hexpol’s CEO. The purchase price will be funded by a combination of cash and existing bank facilities.
The Swedish group purports to be one of the world’s leading polymers players, with a global presence. It reccently brought on stream a new rubber compounding line in Mexico (see Plasteurope.com of 26.02.2016).
Release Date: 08/06/2016
HEXPOL is a world-leading polymers group with strong global market positions in advanced polymer compounds (Compounding), gaskets for plate heat exchangers (Gaskets) and wheels made of plastic and rubber materials for forklifts and castor wheel applications (Wheels).
Customers are primarily system suppliers to the global automotive and engineering industry, the construction sector, 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. Customers outside Sweden account for approximately 97 percent of sales and 11 of the Group´s 41 production units are situated in the expansive regions of Asia, Mexico and Eastern Europe.
The HEXPOL Group’s sales in 2015 amounted to 11,229 MSEK. The HEXPOL Group has approximately 4,100 employees in eleven countries.
