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02-06-2012

Hexpol: Acquisition of Müller Kunststoffe

Hexpol’s acquisition of Horst Müller Kunststoffe GmbH & Co. KG, Lichtenfels, Germany, from the German Rowa Group has been completed. Müller Kunststoffe is a Central European developer and manufacturer of thermoplastic elastomer compounds (TPE Compounding) and has two production units in Lichtenfels, Germany. Müller Kunststoffe has an estimated annual turnover of approximately EUR 46 Mio. with around 90 employees. The acquisition price adjusted for acquired net debt amounts to EUR 39 Mio. in cash and is funded by a combination of cash and existing bank loans.

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