Hexpol acquires TPE maker

Hexpol acquires TPE makerGERMAN firm Hexpol’s acquisition of Müller Kunststoffe has been finalised, with the latter becoming a part of business area of the compounding business thereby broadening Hexpol’s TPE portfolio.

According to Hexpol, the acquisition price of EUR39 million is funded by a combination of cash and existing bank loans. The 90-employee Müller, which has an estimated yearly turnover of EUR46 million, has two production units in Germany.

Hexpol expects the market for TPE compounding to grow, especially in the field of medical, consumer, general
industry and automotive sectors. Müller complements its European TPE compounding operations where it already has units in the UK and Sweden and the company is also building a facility in China.(PRA)