Hexpol Acquires Majority Stake in Italian Compounder Mesgo
2018-10-08    [Source:PUdaily]

Hexpol AB has acquired 80% of the shares in Italian elastomers and thermoplastics compounder Mesgo Group for €168m.

Based in Gorlago, Italy, Mesgo is specialised in conventional rubber compounds and is an “industry leader” in high performance elastomers such as fluorocarbons and silicone.

The company also produces thermoplastics and masterbatches at its manufacturing sites in Garlasco and Grigno in Italy.

Mesgo supplies to industrial, consumer goods, transportation and automotive sectors in Italy and globally. The company has annual sales of €100m and six facilities across Italy, Poland and Turkey.

The acquisition, said Hexpol in a 1 Oct release, was a strategic move into high performance elastomers.

"Mesgo is a leading compounder in high performance elastomers, and with this acquisition Hexpol thereby adds a new important platform of high value-added solutions,” explained Hexpol CEO Mikael Fryklund.

The Swedish rubber group expects Mesgo’s technology and local manufacturing footprint to add “new significant competences and geographical markets” to the group.

Hexpol specifically expects the takeover to strengthen its presence in the European market.

“With its sizeable installed base of customers, Hexpol is uniquely positioned across the growing compounding industry and will help us to reach new markets and qualified customers,” said Mesgo’s CEO Francesco Caldara, whose family remains a minority shareholder in the company.

Hexpol has the option to acquire the remaining shares of the Caldara family in the future.

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