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Hexpol acquires Spanish polymer compounder Vicom By Mary Page Bailey | March 3, 2021 Hexpol AB (Malmö, Sweden) acquired 100% of VICOM 2002 S.L., a Spanish polymer compounder active in the wire and cable product sector. VICOM’s turnover in 2020 amounted to around 30 million EUR. The company employs some 30 people in its production facility in Barcelona. “Through the acquisition of VICOM, we strengthen our position in Southern Europe in a segment favored by the global electrification trend. The company has high competence and capacity and fits well into our current business structure,” said Ralph Wolkener and Carsten Rüter, Presidents HEXPOL Compounding Europe/Asia ....
Print MALMO, Sweden Hexpol has acquired Vicom 2002 S.L., a Spanish compounder focused on supplying the wire and cable market. With 2020 sales of about $36 million, Vicom is profitable and employs around 30 people in its plant in Barcelona, according to Hexpol s March 2 release. Vicom strengthens our position in southern Europe in a segment favored by the global electrification trend, Ralph Wolkener and Carsten Ruter, presidents of Hexpol Compounding Europe/Asia, said in a statement. The acquired company has high competence and capacity and fits well into our current business structure, they added. Hexpol plans to immediately start integrating Vicom into its organizational structure, marking the latest step in the expansion-through-acquisition of its core polymer compounding business. ....
Hexpol eyes more acquisitions after best ever quarter Hexpol s head office in Malmo, Sweden. MALMO, Sweden Hexpol A.B. has seen a significant rebound in fourth quarter operating profit and a strong cash flow, which could support the rubber group s acquisition agenda. During the final three months of 2020, operating profit rose 47 percent year-on-year to $74 million, on 10 percent lower sales of $404 million, Hexpol announced Jan. 29. For the full year, the Swedish compounder posted sales down 13.4 percent year-on-year to $1.6 billion, with operating profit coming in 5.2 percent lower at $226 million. Hexpol linked its best quarterly result ever to increased sales volumes over the final three months of last year, and a reduced cost-base. ....