HEXPOL acquires VTC TPE Group – a leading European manufacturer of thermoplastic elastomers (TPE)

HEXPOL has come to an agreement with the VITA Group to acquire VTC TPE Group. VTC TPE Group is a leading developer and manufacturer of thermoplastic elastomer compounds (TPE Compounding) and has production units in Great Britain and Sweden. ”The acquisition constitutes yet another step in our ambition to broaden our product range within our Compounding business area” says Georg Brunstam, President and CEO of HEXPOL Group. “The market for TPE compounding is undergoing great growth with interesting and increasing customer applications within the field of medical, industry and automotive.” VTC TPE Group is expected to be consolidated as of 1 April 2010 and has an estimated annual turnover of approximately 33 MEUR with around 85 employees. The acquired group has an EBITDA margin in line with HEXPOL’s and is expected to have a positive impact on earnings per share from the start. The acquisition price adjusted for acquired net debt amounts to 35 MEUR. For more information please contact; Georg Brunstam President and CEO +46 (0)708-55 12 51 Urban Ottosson CFO / IR +46 (0)767-85 51 44