HEXPOL acquires RheTech
HEXPOL has signed an agreement to acquire RheTech Thermoplastic Compounding for USD 112 million.
RheTech, with close to 50 years’ experience in the business, has four facilities in Whitmore Lake and Fowlerville, Michigan, in Sandusky, Ohio and in Blacksburg, South Carolina. RheTech had a turnover of USD 117 million in 2013 and has around 200 employees. The transaction is subject to customary regulatory approvals.
HEXPOL is a world-leading polymers group with approximately 3,800 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. Stefan Perván Lindeborg och Sanna Lundqvist assisted regarding competition law matters.