June 7, 2016 - Assignment

HEXPOL acquires BERWIN Group

The Berwin Group is a well known leading manufacturer of rubber compounds. The group has around 200 employees and an estimated annual turnover of approximately GBP 40 million.

HEXPOL is a world-leading polymers group with strong global positions in advanced rubber compounds (Compounding), gaskets for plate heat exchangers (Gaskets) and wheels made of plastic and rubber materials for truck and castor wheel application (Wheels).

Customers are primarily OEM manufacturers of plate heat exchangers and trucks, global systems suppliers to the automotive industry- and engineering industry and the medical technology industry. The Group is organised in two business areas, HEXPOL Compounding and HEXPOL Engineered Products. HEXPOL's sales in 2015 amounted to around SEK 11 billion. The HEXPOL Group has approximately 3,900 employees in eleven countries. HEXPOL AB is a large-cap listed company on Nasdaq Stockholm.

HEXPOL was advised by Mannheimer Swartling in the transaction through Åsa Hansdotter. Mannheimer Swartling was assisted by the English law firm Addleshaw Goddard LLP.