HEXPOL’s acquisition of 70% of the shares in almaak international GmbH, a specialist in advanced recycled engineered compounds, is completed
HEXPOL has today completed the previously announced acquisition of 70% of the shares in almaak from the existing owners Mr. Olaf Eichstädt and Mr. Thomas Schmeinta. almaak is a specialist in high quality recycled engineered polymer compounds based in Germany. The acquisition is fully in line with the HEXPOL´s M&A strategy with desired growth in thermoplastic compounding and specialty engineered polymers with high level of recycled materials. Furthermore, the acquisition strengthens our market position in Europe. Mr. Olaf Eichstädt and Mr. Thomas Schmeinta will stay with the company and