HEXPOL has acquired RheTech LLC and RheTech Colors from the founders’ families.
RheTech has close to 50 years’ experience of polymer compounding and is a
leading provider of polyolefin compounds, engineered resins and multifunctional
colorant and additives.
"The acquisition expands HEXPOL Compounding NAFTA´s capabilities and capacities
within Polymer Compounding and is a very good complement to our present Polymer
Compounding business.”
Tracy Garrison, President
and CEO HEXPOL Compounding NAFTA
“This is excellent news for RheTech. HEXPOL is already a leading worldwide
Polymer Compounder and this partnership will serve as a HEXPOL launching pad for
plastics compounding for HEXPOL here in North America. RheTech has established a
successful track record in North America highlighted by best-in-class
operations, a reputation for quality and reliability, and long-standing customer
and supplier relationships.”
John Levinson, President and CEO RheTech
RheTech has four facilities (including manufacturing and laboratories) located
in Whitmore Lake, MI (RheTech), Fowlerville, MI (RheTech), Sandusky, OH (RheTech
Colors) and in Blacksburg, SC (RheTech Engineered Plastics). RheTech had a
turnover of 117 MUSD in 2013 and has around 212 employees. The acquired business
has an EBITDA margin well below the HEXPOL Group and is expected to have a
positive impact on earnings per share from start.
"This is a further step in expanding and strengthening the HEXPOL Group with
another acquisition within our core business. RheTech, with its competence and
capabilities, will fit nicely into the HEXPOL Group and broadens our product
range within Polymer Compounding."
Georg Brunstam, CEO HEXPOL
