HEXPOL has signed an agreement to acquire the VIGAR Rubber Compounding business
within Grupo Vigar from the founders’ families. Vigar Rubber Compounding has
more than 50 years’ experience of rubber compounding and is today a well-known
Rubber Compounder in the Spanish and German market.
"The acquisition is a very good complement to HEXPOL Compounding in Europe and
broadens and strengthens our presence with Rubber Compounds into the Spanish and
German markets. Vigar Rubber Compounding expands our capabilities and capacities
to serve our customers in a more efficient way."
Ralph
Wolkener/Carsten Rüter, President HEXPOL Compounding Europe
Vigar Rubber Compounding, with manufacturing facilities in Rubi, Spain and
Viersen, Germany, had a turnover of 57 MEUR in 2013 and has 134 employees (Spain
88, Germany 46).The acquired business has a positive EBITDA margin well below
the HEXPOL group and is expected to have an insignificant impact on earnings per
share.
"This is a further step in expanding and strengthening the HEXPOL Group with a
further acquisition within our core business. Vigar Rubber Compounding, with its
competence and capabilities, will fit nicely into the HEXPOL Group and gives us
a stronger European presence."
