November 27, 2012

HEXPOL acquires Robbins – a leading U.S. rubber compounding company

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Malmö, Sweden, November 27, 2012

HEXPOL has acquired Robbins Holdings, Inc. including Robbins LLC. Robbins is a leading US rubber compounder and a global leader in molded envelopes and curing tubes for especially truck, heavy equipment and airplane tires.

“The acquisition is a very good compliment to HEXPOL Compounding and broadens our presence with rubber compounds into end user markets like agriculture, mining, oil and gas. It also brings a global leadership in molded envelopes and curing tubes to the tire industry”
Georg Brunstam, CEO HEXPOL Group

Robbins has an estimated annual turnover of approximately 100 MUSD with around 240 employees and has three production facilities in the US; Muscle Shoals, AL, Findlay, OH and Tallapoosa, GA.

The acquired business has an EBITDA margin slightly lower than the HEXPOL Group and is expected to have a positive impact on earnings per share from the start. The acquisition price amounts to 89.2 MUSD on a debt free basis, and is funded by a combination of cash and existing bank loans. Integration and transaction cost of 15-20 MSEK will be charged in Q4 2012. Robbins will be consolidated from December 2012.

For more information please contact:

Georg Brunstam
President and CEO
 +46 (0)708-55 12 51

Karin Gunnarsson
 +46 (0)705-55 47 32

Tracy Garrison
President and CEO HEXPOL Compounding NAFTA
 +1 615 708 7855

HEXPOL is a world-leading polymers group with strong global positions in advanced rubber compounds (Compounding), gaskets for plate heat exchangers (Gaskets) and wheels made of plastic and rubber materials for truck and castor wheel application (Wheels).Customers are primarily OEM manufacturers of plate heat exchangers and trucks, global systems suppliers to the automotive industry- and engineering industry and the medical technology industry. The Group is organised in two business areas, HEXPOL Compounding and HEXPOL Engineered Products. HEXPOL’s sales in 2011 amounted to 7,197 MSEK. The HEXPOL Group has approximately 3,100 employees in ten countries. Read more at