Hexpol completes VTC acquisition
ERJ staff report (DS)
Manchester, UK -- Hexpol's acquisition of VTC TPE Group from the VITA Group has been completed. VTC TPE has an estimated annual turnover of approximately euro 33 million with around 85 employees. VTC TPE Group is a leading developer and manufacturer of thermoplastic elastomer compounds (TPE Compounding) and has production units in Great Britain and Sweden.
VTC TPE Group will be consolidated as of 1 April 2010 and will be a part of business area Hexpol Compounding. The acquisition price adjusted for acquired net debt amounts to euro 35 million in cash.
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Press release from Hexpol