M&A Deal Summary

HEXPOL Acquires Excel Polymers

On October 17, 2010, HEXPOL acquired chemicals company Excel Polymers from ACI Capital and Lion Chemical Partners for 214M USD

Acquisition Highlights
  • This is HEXPOL’s 1st transaction in the Chemicals sector.
  • This is HEXPOL’s 2nd largest (disclosed) transaction.
  • This is HEXPOL’s 1st transaction in the United States.
  • This is HEXPOL’s 1st transaction in Ohio.

M&A Deal Summary
Date 2010-10-17
Target Excel Polymers
Sector Chemicals
Buyer(s) HEXPOL
Sellers(s) ACI Capital
Lion Chemical Partners
Deal Type Add-on Acquisition
Deal Value 214M USD

Target

Excel Polymers

Solon, Ohio, United States
Excel Polymers LLC is a provider of customized thermoset elastomer (rubber) compounds and additives for various industrial applications.

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Buyer(S) 1

Buyer

HEXPOL

Malmo, Sweden
Category Company
Founded 1893
Sector Engineering
Employees5,039
Revenue 22.0B SEK (2023)
DESCRIPTION

HEXPOL is a polymers group with strong global market positions in advanced polymer compounds (Compounding), gaskets for plate heat exchangers (Gaskets) and wheels made of plastic and rubber materials for forklifts and castor wheel applications (Wheels). HEXPOL was founded in 1893 and is based in Malmo, Sweden.

DEAL STATS #
Overall 1 of 11
Sector (Chemicals) 1 of 9
Type (Add-on Acquisition) 1 of 9
State (Ohio) 1 of 3
Country (United States) 1 of 7
Year (2010) 1 of 1
Size (of disclosed) 2 of 8
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-03 Robbins

Muscle Shoals, Alabama, United States

Robbins LLC operates three facilities in the southeastern U.S., has nearly 200 employees, and is one of the nation's top manufacturers of custom mixed rubber compounds and molded rubber products.

Buy $83M

Seller(S) 2

SELLER

ACI Capital

New York, New York, United States
Category Private Equity Firm
Founded 1995
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ACI Capital is a private investment firm that targets investments in mid-sized companies. ACI primarily looks for US based businesses with revenues between $25 and $500 million and operating profits of at least $5 million. ACI prefers control investments and will consider a variety of investment structures including buyouts, restructurings, growth capital financings, recapitalizations, PIPEs, secondary purchases, and bridge financings. Sectors of interest include consumer (consumer products, direct marketing, restaurants, franchising, healthy living), industrial (niche manufacturing, transportation, infrastructure, alternative energy), and services (business services, healthcare services, financial services, logistics, media). ACI Capital was formed in 1995 and is based in New York City.

DEAL STATS #
Overall 8 of 10
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (Ohio) 1 of 1
Country (United States) 8 of 10
Year (2010) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-22 SEMX

Saddle Brook, New Jersey, United States

SEMX is a manufacturer of specialty materials and engineered metal products primarily for electronics applications. The Company?s products are used across a wide variety of markets such as the medical device, telecommunications, semiconductor, automotive, industrial, consumer and aerospace/defense industries. In addition, SEMX service capabilities such as tape and reel packaging, testing, verification and component brokerage.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-10 Sundance

Salt Lake City, Utah, United States

Sundance is a lifestyle retailer of women’s apparel and accessories, jewelry and home furnishings. The company sells through catalogs, online and 13 Sundance retail stores. Sundance founded in 1989 and headquartered in Salt Lake City, Utah.

Sell -
SELLER

Lion Chemical Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
Size Small
Type Sector Focused
DESCRIPTION

Lion Chemical Partners is a private equity group focused on opportunities in the chemical and chemical-related sectors. The Firm looks for transactions valued greater than $100 million and generally targets 'under managed' businesses operating in well established markets with limited commodity exposure. Lion Chemical Partners was formed in 2001 and has offices in New York City and Houston.

DEAL STATS #
Overall 1 of 2
Sector (Chemicals) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 2
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-30 DSM Copolymer

Baton Rouge, Louisiana, United States

DSM Copolymer, Inc engages in the manufacturing and delivering of synthetic rubber.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-30 Sonneborn

Parsippany, New Jersey, United States

Sonneborn LLC is a provider of white oils, petrolatums, waxes, and other hydrocarbon specialty products such as creams and lotions, cosmetics, and pharmaceutical ointments. Sonneborn is based in Parsippany, New Jersey.

Sell -
Mergr

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