Malmö-headquartered polymers company Hexpol is acquiring 100% of Unión de Industrias CA, SA. (Unica) from Espiga Capital, a Spanish based Private Equity firm for an estimated EUR48 million. Unica is a significant player in Rubber Compounds in Spain, supplying several demanding customers in the automotive, construction and agriculture sectors.
The acquisition of Unica is expected to firm up Hexpol’s position in rubber compounds for the Spanish and EU markets.
Unica’s turnover in 2020 amounted to EUR40 million with profitability below Hexpol Group. Unica operates one advanced compounding facility in Corella, Navarra, Spain with some 80 employees.
The transaction will close after regulatory approval, which is estimated to the second quarter of 2021.