HEXPOL acquires VIGAR Rubber Compounding
HEXPOL has signed an agreement to acquire the VIGAR Rubber Compounding business within Grupo Vigar from the founders’ families for a purchase price of approximately EUR 19 million. The transaction is subject to customary regulatory approvals.
VIGAR Rubber Compounding, with manufacturing facilities in Rubi, Spain and Viersen, Germany, had a turnover of EUR 57 million in 2013 and has around 130 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 Stockholm.
HEXPOL was advised by Mannheimer Swartling in the transaction. The firm's team consisted of Åsa Hansdotter, Jens Engelmann-Pilger and Malte Woock. Christian Bloth advised regarding German employment law and Meike Johnsen and Robert Bäuerle regarding German competition law. CMS Albiñana & Suárez de Lezo acted as local counsel in Spain.