HEXPOL´s acquisition of the global rubber compounding group Excel Polymers completed

HEXPOL´s acquisition of the global rubber compounding group Excel
Polymers completed

All regulatory approvals and contractual conditions for the transaction
have been met and the acquisition has been completed as of November 30,
2010.

Excel Polymers is a leading global supplier of performance elastomer
solutions, offering a comprehensive portfolio of compounded polymer
materials, performance additives and technical know-how, mainly sold  to
rubber parts manufacturers.

Excel Polymers has an extensive breadth of compounding capabilities. The
global production footprint consists of eight manufacturing facilities
strategically located in the US, China, Mexico and the United Kingdom.

The company offers formulations and products to a number of end markets
including general industrial, construction, automotive, printing, heavy
machinery, oil&gas and consumer.

 

HEXPOL Group will through the acquisition of Excel Polymers have
expertise and manufacturing presence in 9 countries with 24
manufacturing facilities and will be the world leading global rubber
compounding group.

“With the acquisition of Excel Polymers we are improving our
capabilities and manufacturing footprint in order to service our
customers on global reach. Our customers will experience the combination
of global reach and local personalized service as we reinforce our theme
“think globally, act locally”. We are excited about the enhanced
technology resources, capabilities and competences. I am enthusiastic
about finally being able to kick off the integration process and I am
very much looking forward to work together with our new colleagues in
Excel”, says HEXPOL's CEO Georg Brunstam.

 

Excel Polymers will be fully owned by HEXPOL and will be integrated and
consolidated into HEXPOL's business area HEXPOL Compounding as of
November 30.

As previously communicated, HEXPOL plans to pursue a rights issue
corresponding to approximately 550 MSEK as part of financing the
acquisition of Excel Polymers. See the press release on October 18, 2010
for further information.

The acquisition price amounts to 213.7 MUSD on a cash and debt free
basis. Purchase Price Allocations will be communicated as soon as the
opening balance sheet is established.

 

 

 

 This announcement does not constitute or form a part of any offer or
solicitation to purchase or subscribe for securities in the United
States. The shares in HEXPOL AB have not been, and will not be,
registered under the US Securities Act of 1993 (the “Securities Act”).
Such shares may not be offered or sold in the United States (as such
term is defined in Regulation S under the Securities Act) except
pursuant to an exemption from the registration requirements of the
Securities Act. There will be no public offer of securities in the
United States. This press release may contain forward-looking
statements. When used in this press release, words such as “anticipate”,
“believe”, “estimate”, “expect”, “plan” and “project” are intended to
identify forward-looking statements. They may involve risks and
uncertainties, including product demand and market acceptance, the
effect of economic conditions, the impact of competitive products and
pricing, foreign currency exchange rates and other risks. These
forward-looking statements reflect the views of HEXPOL's management as
of the date made with respect to future events and are subject to risks
and uncertainties. All of these forward-looking statements are based on
estimates and assumptions made by HEXPOL's management and are believed
to be reasonable, though are inherently uncertain and difficult to
predict. Actual results or experience could differ materially from the
forward-looking statements. HEXPOL disclaims any intention or obligation
to update these forward-looking statements. This press release consists
of such information that HEXPOL AB (publ.) may be obliged to disclose in
accordance with the Swedish Securities Market Act and /or the Financial
Instruments Trading Act. The information was submitted for publication
on December 1.

 

 

For further information please contact:

Georg Brunstam

President and CEO

+46 (0) 708 551 251

 

Urban Ottosson

CFO/IR

+ 46 (0) 767 855 144

 

Tracy Garrison

President Hexpol Compounding NAFTA

+ 1 615 708 7855