Hexpol acquisition of Horst Muller completed.

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Hexpol acquisition of Horst Muller completed.

) L# V- Z3 R; x8 j# d9 _Thursday, February 16, 2012
Malmo, Sweden - Hexpol completed its acquisition of Muller Kunststoffe, a leading central European developer and manufacturer of thermoplastic elastomer compounds with two production units in Lichtenfels, Germany. Muller Kunststoffe has an estimated annual turnover of approximately 46 MEUR with around 90 employees. “The acquisition constitutes yet another step in our ambition to broaden our product range within our compounding business area,” said Georg Brunstam, president and CEO of Hexpol Group. “The market for TPE compounding is undergoing great growth with interesting and increasing customer applications within the field of medical, consumer, general industry and automotive. Muller Kunststoffe perfectly complements our European TPE compounding operations where we already have units in the U.K. and Sweden. We are also right now building a manufacturing plant in southern China for TPE compounding.” Muller Kunststoffe will be a part of the business area Hexpol Compounding. The acquisition price adjusted for acquired net debt amounts to 39 MEUR in cash.