HEXPOL acquires Kardoes Rubber
HEXPOL has signed an agreement to acquire the business of Kardoes Rubber Co., Inc for USD 31.8 million.
Kardoes Rubber, founded in 1988, with a manufacturing facility in LaFayette, Alabama, had a turnover of USD 43 million in 2013 and has around 90 employees.
HEXPOL is a world-leading polymers group with approximately 3,400 employees in ten countries. Group sales in 2013 amounted to around SEK 8 billion. HEXPOL AB is a large cap-listed company on NASDAQ OMX Stockholm.
HEXPOL was advised by Mannheimer Swartling in the transaction. The firm's team consisted of Maria Tufvesson Shuck and Åsa Hansdotter.