The rubber compounding arm of the Swedish Hexpol Group has invested in a devulcanization line in Europe. The company reports that this enables mechanical devulcanization of rubber in-house and supports the transition to a circular economy. Specifically, the investment will enable Hexpol Compounding to produce “several thousand tons of compounds with devulcanized rubber content per year” in Europe.
Hexpol AB (publ.) has appointed Klas Dahlberg as CEO and president of the company effective 1 July 2024 at the latest. Dahlberg’s appointment follows the sudden death of predecessor Georg Brunstam who died suddenly on 1 September 2023.
Hexpol completed the 48 million euro acquisition of 100 per cent of Unión de Industrias C.A., S.A. (Unica) from Espiga Capital, a Spanish based Private Equity firm on 7 July 2021. Unica’s turnover in 2020 amounted to 40 million euros, with a profitability “below Hexpol Group”, according to the business’s new owner. Unica will be consolidated into Hexpol from 1 July.
Hexpol AB (publ) has appointed Georg Brunstam as president and CEO of Hexpol AB (publ) effective 20 November 2020. Georg Brunstam is currently chairman of the Board for Hexpol AB (publ) and had previously been President and CEO for Hexpol AB (publ) 2007-2017.
Berwin Industrial Polymers, which is part of Hexpol AB, was recently named amongst the winners of the Queens Award for International Trade 2020.
Hexpol AB (publ.) has appointed Kenneth L. Bloom as new president of Hexpol Compounding Americas. Ken succeeds Tracy Garrison who decided to leave the company in November 2019. The new appointment took effect on 1 January 2020.
On 1 July Hexpol announced that it has acquired Preferred Compounding from the Audax Group, a US-based Private Equity firm. Preferred Compounding is described as an “advanced rubber compounder in North America”. Key markets include general industry, automotive, power and infrastructure. Hexpol paid approximately US$232 million on a cash and debt free basis. Preferred’s 208 turnover worked out as roughly US$240 million. The firm has around 540 employees in six facilities, five in the US and one in Mexico. The business will be consolidated from 1 July 2019.
Almost 10 years after Hexpol embarked on a prolonged growth-by-acquisition strategy, here Tyres & Accessories examines the company’s overall progress as well as the particular example of UK-based Hexpol Group member, retreading compound supply specialist Berwin Polymers.
During the first quarter of 2019, Hexpol announced a couple of senior management changes. Most recently, at the end of February, Karin Gunnarsson decided to leave her position as Chief Financial Officer (CFO) and Investor Relations Manager at the Hexpol Group in pursuit of “new challenges”:
On 1 October Hexpol completed the acquisition of 80 per cent of the shares of Italian compounder Mesgo Group from previous owner Francesco Caldara and co-owners. Hexpol describes Mesgo as “an industry leader in high performance elastomers as fluorocarbons and silicone”. In addition, Mesgo also specializes in conventional rubber compounds and thermoplastics. The major customer segments Mesgo focuses on are industry, consumer products, transportation and automotive. Mesgo Group reports annual turnover of around 100 million euros, with around 180 employees in six facilities.
Just three days after buying Trelleborg’s Czech compounding operation, on 3 April Hexpol announced it has signed an agreement to acquire the business of Valley Processing from Ted Ballou and his family. The acquisition price amounts to approximately US$44 million on a cash and debt free basis. There will also be an additional product transfer fee, which will be paid later.
Hexpol has today acquired 100 per cent of Trelleborg Material & Mixing Lesina s.r.o from the Trelleborg Group. The divested operation develops, produces and supplies polymer compounds. The majority of its sales are to external customers and a minor share to a small number of Trelleborg facilities in Europe.
As of 1 July, Jean-Paul Mindermann will switch from the Trelleborg Wheel Systems business unit to become the new business area president of Trelleborg Industrial Solutions. He succeeds Mikael Fryklund, who leaves Trelleborg to assume the position of president and chief executive officer at Hexpol. Like his predecessor, Mindermann will become a member of Trelleborg Group Management.
On Friday 3 June Swedish firm Hexpol bought 100 per cent of the Berwin Group Ltd shareholders Glyn Williams and his family for around £25 million. Berwin has more than 60 years’ experience of rubber compounding and is a leading Rubber Compounder in the UK market.
In November 2012 Swedish polymer group Hexpol Compounding bought US retreading supplier Robbins LLC with the intention of merging the company into “the Hexpol family”. Roughly 18 months after paying US$89.2 million for the then £100 million a year turnover company, Hexpol reports that the acquisition has strengthened its operations.
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