Rubber compounds company Hexpol has agreed to buy over polymer compounder RheTech Thermoplastic Compounding for US$112 million on a cash and debt free basis.
“The acquisition expands Hexpol Compounding NAFTA´s capabilities and capacities within Polymer Compounding and is a very good complement to our present Polymer Compounding business,” Tracy Garrison, president and CEO of Hexpol, said.
RheTech is a company with 50 years of experience in polymer compounding. In 2013, it had a turnover of US$117 million in 2013. It has around 212 employees.
Meanwhile, Hexpol has 19 manufacturing sites and more than 1,750 employees.