Manchester, UK – Swedish group Hexpol AB has acquired Manchester-based compounder Berwin Group for £25 million (€32 million), the UK company announced 3 June.
The sale was led by company chairman Glyn Williams, who helped head up a management buy-out for Berwin in 1983. He, with his family, were the main shareholders in the company, originally founded in 1953.
Back in 2010, Berwin – then a £35-million turnover company – sold off its PVC compounding business as part of a strategy to focus on its rubber and silicone compounding operations.
Today, with over 200 people at UK sites in Dukinfield, Manchester and Lydney, Berwin has annual sales of around £40 million. Its compounds are used in tires, automotive seals and hoses and for applications in the aerospace, oil & gas, consumer goods and footwear industries.
The UK company joins Hexpol, a 3,900-employee group with 2015 sales of SEK11,229 million (€1,214 million), supplying polymer compounds, heat exchanger gaskets and plastics and rubber materials for truck and castor wheels.
Hexpol’s compounds go to the global automotive and engineering industries, construction sector, the energy, oil and gas sector and manufacturers of medical equipment.