Polymers manufacturer HEXPOL has agreed to acquire VIGAR Rubber Compounding, a business within Grupo Vigar, for €19 million (US$24.1 million). Vigar operates rubber compounding plants in Spain and Germany.
“Vigar Rubber Compounding, with its competence and capabilities, will fit nicely into the HEXPOL Group and gives us a stronger European presence,” said Georg Brunstam, CEO, HEXPOL Group.
Vigar Rubber Compounding, with manufacturing facilities in Rubi, Spain, and Viersen, Germany, has 134 employees. HEXPOL Group has approximately 3,500 employees in 10 countries.