M&A Deal Summary

HEXPOL Acquires Mitchell Rubber Products

On April 7, 2017, HEXPOL acquired chemicals company Mitchell Rubber Products from Gladstone Investment

Acquisition Highlights
  • This is HEXPOL’s 4th transaction in the Chemicals sector.
  • This is HEXPOL’s 4th transaction in the United States.
  • This is HEXPOL’s 1st transaction in California.

M&A Deal Summary
Date 2017-04-07
Target Mitchell Rubber Products
Sector Chemicals
Buyer(s) HEXPOL
Sellers(s) Gladstone Investment
Deal Type Add-on Acquisition

Target

Mitchell Rubber Products

Mira Loma, California, United States
Mitchell Rubber Products is a manufacturing company involved in suppling OEM and aftermarket rubber goods with diverse and unique requirements. Mitchell Rubber Products serves some of the brands within the automotive, agricultural, construction and heavy duty truck industries. Mitchell Rubber Products was founded in 1939 and is based in Mira Loma, California.

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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 6 of 11
Sector (Chemicals) 4 of 9
Type (Add-on Acquisition) 5 of 9
State (California) 1 of 3
Country (United States) 4 of 7
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-31 Trelleborg Material & Mixing Lesina s.r.o

Třebeň, Czech Republic

Trelleborg Material & Mixing Lesina s.r.o is a manufacture of rubber products for the rubber industry. Trelleborg Material & Mixing Lesina s.r.o was established in 1994 and is headquartered in Třebeň, Czech Republic.

Buy €65M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-10 Valley Processing

Industry, California, United States

Valley Processing, Inc. is a provider of custom elastomeric mixed rubber compounds and calendaring services. Valley Processing, Inc. is headquartered in Industry, California.

Buy $46M

Seller(S) 1

SELLER

Gladstone Investment

Investor Investor Investor Investor Investor

Category Business Development Company
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 1 of 4
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 2
Country (United States) 1 of 4
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-17 J.R. Hobbs

Lawrenceville, Georgia, United States

J.R. Hobbs is a HVAC specialty contractor with expertise in multi-unit construction. J.R. Hobbs serves general contractors and owner/developers in new construction and redevelopment projects in multi-family buildings, student housing projects and assisted living facilities. J.R. Hobbs was founded in 1971 and is based in Lawrenceville, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-28 ImageWorks

Winston-Salem, North Carolina, United States

ImageWorks is a point-of-purchase display provider specializing in the design, engineering and production of custom semi-permanent and permanent displays across a variety of brands and consumer product end markets. ImageWorks was founded in 1996 and is based in Winston-Salem, North Carolina.

Buy -
Mergr

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