Add-on Acquisition • Chemicals

HEXPOL Acquires UNICA

On April 12, 2021, HEXPOL acquired chemicals company UNICA from Espiga Capital for 48M EUR

Acquisition Context
  • This is HEXPOL’s 9th transaction in the Chemicals sector.
  • This is HEXPOL’s 5th largest (disclosed) transaction.
  • This is HEXPOL’s 1st transaction in Spain.

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M&A Deal Summary

Date April 12, 2021
Target UNICA
Sector Chemicals
Buyer(s) HEXPOL
Sellers(s) Espiga Capital
Deal Type Add-on Acquisition
Deal Value 48M EUR

Target Company

UNICA

Corella, Spain
UNICA develops and manufactures technical rubber mixtures with high added value that it markets in different industrial sectors (automotive, construction, aviation, etc.). Its R&D department provides customized solutions in the development of products that are adjusted to the needs of each client. UNICA was formed in 1958 and is based in Corella, Spain.
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Buyer Overview 1

Buyer

HEXPOL

Malmo, Sweden

Category Company
Founded 1893
Sector Engineering
Employees4,945
Revenue 20.4B SEK (2024)
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 Malmö, Sweden.


Deal Context for Buyer #
Overall 11 of 11
Sector: Chemicals 9 of 9
Type: Add-on Acquisition 9 of 9
Country: Spain 1 of 1
Year: 2021 1 of 1
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Preferred Compounding

Copley, Ohio, United States

Preferred Compounding Corp. is a manufacturer and supplier of proprietary and custom mixed rubber compounds with manufacturing plants in Tallapoosa, Ga.; Huntingdon, Tenn.; Fruithurst, Ala. Preferred Compounding Corp. was founded in 1973 and is based in Copley, Ohio.

Buy $232M

Seller Profile 1

SELLER

Espiga Capital

Madrid, Spain

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 300M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Espiga Capital is a private investment firm focused on acquiring and investing in small and medium-sized companies in Spain and Portugal. The Firm will consider a variety of investment situations including family-owned companies, corporate divestitures, management buyouts, and growth capital financings. Espiga Capital looks to commit €10 to €25 million per transaction. Espiga Capital was formed in 1998 and is based in Madrid.


Deal Context for Seller #
Overall 4 of 6
Sector: Chemicals 2 of 2
Type: Add-on Acquisition 2 of 4
Country: Spain 4 of 6
Year: 2021 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-19 Silam

Zumaia, Spain

Silam is engaged in the manufacture and distribution of solid hot vulcanization (HTV) silicone mixtures and parts for a diversified group of sectors. Silam was founded in 1964 and is based in Zumaia, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 Lékué

Barcelona, Spain

Lékué designs and manufactures platinum silicone kitchen tools. Lékué offers innovative food enjoyment and on-the-go products. Lékué was founded in 1980 and is based in Barcelona, Spain.

Sell -

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