HEXPOL acquires VTC TPE Group - a leading European manufacturer of thermoplastic elastomers (TPE)


HEXPOL acquires VTC TPE Group - a leading European manufacturer of thermoplastic
elastomers (TPE)

HEXPOL has come to an agreement with the VITA Group to acquire VTC TPE Group.  

VTC TPE Group is a leading developer and manufacturer of thermoplastic elastomer
compounds (TPE Compounding) and has production units in Great Britain and
Sweden. 

”The acquisition constitutes yet another step in our ambition to broaden our
product range within our Compounding business area” says Georg Brunstam,
President and CEO of HEXPOL Group. “The market for TPE compounding is undergoing
great growth with interesting and increasing customer applications within the
field of medical, industry and automotive.”  

VTC TPE Group is expected to be consolidated as of 1 April 2010 and has an
estimated annual turnover of approximately 33 MEUR with around 85 employees. The
acquired group has an EBITDA margin in line with HEXPOL's and is expected to
have a positive impact on earnings per share from the start. The acquisition
price adjusted for acquired net debt amounts to 35 MEUR.


For more information please contact;


Georg Brunstam
President and CEO
+46 (0)708-55 12 51

Urban Ottosson
CFO / IR
+46 (0)767-85 51 44

HEXPOL is a world-leading polymers group with strong global positions in
advanced rubber compounds (Compounding), gaskets for plate heat exchangers
(Gaskets) and wheels made of plastic and rubber materials for truck and castor
wheel applications (Wheels). Customers are primarily OEM manufacturers of plate
heat exchangers and trucks, as well as global systems suppliers to the
automotive industry. The Group is organized in two business areas, HEXPOL
Compounding and HEXPOL Engineered Products, and had about 1,800 employees in
nine countries at year-end. In 2009, HEXPOL had sales of about 2,600 MSEK. Read
more at www.hexpol.com.

Attachments

03162022.pdf