"The acquisition of Star Thermoplastics is in line with our growth strategy and will enable
Peter Rosén, Acting CEO and CFO
"HEXPOL's addition of Star Thermoplastics to HEXPOL TPE portfolio is a perfect fit. HEXPOL will provide enhanced capabilities and a better geographic reach. The transaction will be beneficial both to the Star Thermoplastics employees and to HEXPOL."
Thomas A. Dieschbourg
"Star Thermoplastics will enable us to replicate our successful European TPE growth journey on the larger American TPE market. Both our existing TPE companies in Europe and China and Star Thermoplastics will be stronger through this expanded footprint."
Ralph Wolkener and Carsten Rüter, Presidents HEXPOL TPE Compounding
Star Thermoplastics currently has a turnover of approximately 20 MUSD with a profitability level below that of the
The acquisition price amounts to 26.5 MUSD on a cash and debt free basis and is funded by a combination of cash on hand and existing bank facilities. Star Thermoplastics will be consolidated by HEXPOL from
For further information please contact:
Peter Rosén
Acting CEO and CFO
peter.rosen@hexpol.com
+46 (0) 73 656 49 34
HEXPOL is a world-leading polymers group with strong global positions in advanced polymer compounds (Compounding), gaskets for plate heat exchangers (Gaskets and Seals), and wheels made of polymer materials for truck and castor wheel applications (Wheels). Customers are primarily system suppliers to the global automotive and engineering industry, building and construction industry and within sectors as transportation, energy, consumer and cable industry and manufacturers of medical equipment, plate heat exchangers and forklifts. The Group is organized in two business areas, HEXPOL Compounding and HEXPOL Engineered Products.
https://news.cision.com/hexpol/r/hexpol-acquires-the-american-tpe-compounder-star-thermoplastic-alloys-and-rubbers--inc-,c3875051
https://mb.cision.com/Main/1100/3875051/2427473.pdf
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