M&A Deal Summary

HEXPOL Acquires Robbins

On December 3, 2012, HEXPOL acquired manufacturer Robbins from Grey Mountain Partners for 83M USD

Acquisition Highlights
  • This is HEXPOL’s 1st transaction in the Manufacturing sector.
  • This is HEXPOL’s 3rd largest (disclosed) transaction.
  • This is HEXPOL’s 2nd transaction in the United States.
  • This is HEXPOL’s 1st transaction in Alabama.

M&A Deal Summary
Date 2012-12-03
Target Robbins
Sector Manufacturing
Buyer(s) HEXPOL
Sellers(s) Grey Mountain Partners
Deal Type Add-on Acquisition
Deal Value 83M USD

Target

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.

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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 2 of 11
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 2 of 9
State (Alabama) 1 of 1
Country (United States) 2 of 7
Year (2012) 1 of 1
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-17 Excel Polymers

Solon, Ohio, United States

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

Buy $214M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-12 RheTech Colors

Sandusky, Ohio, United States

RheTech Colors is a manufactures and distributes a broad range of color and additive masterbatches (concentrates), and compound products to the thermoplastic industry. Color and additive dispersions are formulated as polymer based concentrates or dry powder blends. Products can be letdown in a variety of processes including injection molding, blow molding, extrusion, compression molding, and rotational molding.

Buy -

Seller(S) 1

SELLER

Grey Mountain Partners

Boulder, Colorado, United States
Category Private Equity Firm
Founded 1992
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Grey Mountain Partners is a private equity firm focused on investments in smaller middle-market companies. Grey Mountain targets new platform companies with minimum revenues of $25 million and EBITDA greater than $5 million. The Firm can commit up to $75 million per platform investment. Sectors of interest include diversified manufacturing, wholesale/distribution, business services, software, consumer services, packaging, food & beverage, specialty chemicals, financial services, energy, and defense. Prospective transaction situations can include corporate divestitures, MBOs, consolidation opportunities, family held companies in transition, and companies in distress or emerging from bankruptcy. Grey Mountain Partners is based in Boulder, Colorado.

DEAL STATS #
Overall 4 of 17
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 6
State (Alabama) 1 of 1
Country (United States) 4 of 17
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-24 Ajubeo

Boulder, Colorado, United States

Ajubeo LLC is a provider of infrastructure as a service (IaaS), including public, private, and hybrid cloud products. Ajubeo LLC was founded in 2011 and is based in Boulder, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-05 AQS

Hartland, Wisconsin, United States

AQS, Inc. has been a provider of business and technology solutions for the insurance industry.

Sell -
Mergr

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