24/03/2010

PIE - News-Ticker on Plasteurope.com

Hexpol: Vita´s TPE compounding business acquired

Polymer specialist Hexpol (Malmo / Sweden; www.hexpol.com) has bought the VTC TPE Group (Middleton, Manchester / UK; www.vtctpe.com), a leading manufacturer of TPE thermoplastic elastomer compounds, from the Vita Group (Luxembourg; www.thevitagroup.com) for EUR 35m.


The businesses sold comprise Vita Thermoplastic Polymers (Manchester / UK) and VTC Elastoteknik (Åmål / Sweden). Hexpol says it expects the VTC TPE Group to be consolidated as of 1 April. It will form part of Hexpol Compounding (Eupen / Belgium; www.hexpolcompounding.com), whose eight global manufacturing sites have a total capacity of more than 200,000 t/y.

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