HEXPOL acquires Portage Precision Polymers
HEXPOL has acquired the business of Portage Precision Polymers, Inc. for USD 13.2 million.
Portage Precision Polymers, founded 2002, with two manufacturing facilities in Ohio (Ravenna and Mogadore), US, had a turnover of USD 29 million in 2013.
HEXPOL is a world-leading polymers group with approximately 3,700 employees in eleven 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.