Malmo, Sweden – Hexpol AB has acquired 80% of the shares in Italian elastomers compounder Mesgo Group of Gorlago, Italy, for €168 million, Hexpol has announced.
Mesgo is specialised in conventional rubber compounds and an “industry leader” in high-performance elastomers such as fluorocarbons and silicones, said the 1 Oct statement.
The Italian company has annual sales of €100 million and six facilities across Italy, Poland and Turkey. It supplies to industrial, consumer goods, transportation and automotive sectors in Italy and globally.
Hexpol described the acquisition as a strategic…