Hexagon acquires Italian wheel maker, plans further capacity rise

By Liz White, ERJ staff

Stockholm-Swedish engineering group Hexagon AB has acquired all the operating assets, including the order backlog, of Italian polymeric wheel manufacturer GPD Sprl. The acquired unit, which has sales amounting to some Euro 2 million, will be incorporated into the Hexagon Polymers business unit, said the Swedish group in a statement on the acquisition

GPD’s manufacturing business will be relocated to Hexagon Polymers’ plants in Sri Lanka, and Hexagon said it has simultaneously decided to expand capacity there, in a move to…

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