10.04.2017 • NewscompoundingElaine Burridgehexpol

Hexpol Buys Czech, US Compounders

(c) Hexpol
(c) Hexpol

Sweden’s Hexpol has boosted its rubber compounding business after buying companies in the Czech Republic and USA.

In the first transaction, Hexpol paid around €65 million to acquire Trelleborg Material & Mixing Lesina from Sweden’s Trelleborg Group. The Czech business, which employs about 125 people and operates a plant in Lesina, recorded a turnover of €40 million in 2016. “The acquisition is a very good complement to Hexpol Compounding in Europe and broadens and strengthens our presence with rubber compounds in the central European market,” commented Ralph Wolkener and Carsten Rüter, joint presidents of Hexpol Compounding Europe.

In a second deal, Hexpol has signed an agreement to buy Valley Processing, a custom rubber compound supplier based in City of Industry, California, USA, for $44 million. The deal does not include Valley Processing’s plant in Virginia, but a further (undisclosed) sum based on product transfers will be paid after the deal closes, which is expected sometime during April.  Valley Processing has a manufacturing facility in City of Industry and had a turnover of $34 million last year. The company has around 90 employees.

Tracy Garrison, president and CEO Hexpol Compounding NAFTA, said: “Valley Processing broadens our presence and strengthens our portfolio; particularly in the western and southeastern regions of the United States while also strengthening our market position in several key areas”

Innovation Pitch

The Start-up Platform for Chemistry & Life Sciences
Discover Tomorrow’s Innovators

The Start-up Platform for Chemistry & Life Sciences

CHEManager Innovation Pitch supports innovation in the chemistry and life sciences start-up scene. The platform allows founders, young entrepreneurs, and start-ups to present their companies to the industry.

Free Virtual Event

Vaccine Manufacturing
Bioprocess Forum

Vaccine Manufacturing

Join global experts and innovators for a two-day virtual event exploring the latest breakthroughs and best practices in vaccine manufacturing. Discover how new technologies and process innovations are shaping the future of vaccine production, safety, and scalability.

most read