HEXPOL AB (publ) has acquired 80 percent of the shares in MESGO Group from the main owner Francesco Caldara and co-owners. MESGO Group is an industry leader in high performance elastomers and specializes in conventional rubber compounds and thermoplastics. MESGO Group has an annual sale of around EUR 100 million with around 180 employees in six state-of-the-art facilities in Italy, Poland and Turkey.
The acquisition price amounts to approximately EUR 168 million on a cash and debt free basis. HEXPOL has an option to acquire, and the Caldara family has an option to sell, the remaining shares in MESGO Group.
HEXPOL is a world-leading polymers group with strong global market positions in advanced polymer compounds (Compounding), gaskets for plate heat exchangers (Gaskets) and wheels made of plastic and rubber materials for forklifts and castor wheel applications (Wheels).
Customers are primarily system suppliers to the global automotive and engineering industry, the construction sector, the energy, oil and gas sector, medical equipment manufacturers and OEM manufacturers of plate heat exchangers and forklifts. The Group is organised in two business areas: HEXPOL Compounding and HEXPOL Engineered Products with 43 production units. The HEXPOL Group’s sales in 2017 amounted to around SEK 12 billion. The HEXPOL Group has approximately 4,400 employees in eleven countries. HEXPOL AB is listed on Nasdaq Stockholm Large Cap.
HEXPOL was advised by HWF Advokater in the transaction. Legal advisors in Italy were Gattai, Minoli, Agostinelli & Partners.
