ERJ staff report (DS)
Stockholm, Sweden — Hexpol has acquired US rubber compounding specialist, Robbins Holdings, Inc. including Robbins LLC. Robbins is a global leader in moulded envelopes and curing tubes for especially truck, heavy equipment and airplane tyres.
Robbins has an estimated annual turnover of approximately 100 MUSD with around 240 employees and has three production facilities in the US; Muscle Shoals, AL, Findlay, OH and Tallapoosa, Georgia.
The acquired business has an EBITDA margin slightly lower than the Hexpol Group and is expected to have a…