Hexpol acquires Preferred Compounding for €206m

Stockholm – Hexpol Group has announced the €232-million (€206 million) acquisition of Preferred Compounding from US private equity firm Audax Group.

With 2018 sales of around $240 million and 540 employees, Preferred Compounding operates six facilities, five in the US and one in Mexico.

The Copley, Ohio-based company is “a profitable rubber compounder in general industry, automotive, power and infrastructure,” Hexpol said 1 July.

The acquired business, the Swedish group added, “has an EBITDA margin well below the Hexpol Group and is expected to…

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