M&A Deal Summary

HEXPOL Acquires Preferred Compounding

On July 1, 2019, HEXPOL acquired chemicals company Preferred Compounding from Audax Private Equity for 232M USD

Acquisition Highlights
  • This is HEXPOL’s 8th transaction in the Chemicals sector.
  • This is HEXPOL’s largest (disclosed) transaction.
  • This is HEXPOL’s 7th transaction in the United States.
  • This is HEXPOL’s 3rd transaction in Ohio.

M&A Deal Summary
Date 2019-07-01
Target Preferred Compounding
Sector Chemicals
Buyer(s) HEXPOL
Sellers(s) Audax Private Equity
Deal Type Add-on Acquisition
Deal Value 232M USD

Target

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.

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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 10 of 11
Sector (Chemicals) 8 of 9
Type (Add-on Acquisition) 8 of 9
State (Ohio) 3 of 3
Country (United States) 7 of 7
Year (2019) 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 MESGO

Gorlago, Italy

MESGO S.p.A. is specializes in conventional rubber compounds and thermoplastics. MESGO is based in Gorlago, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-12 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.

Buy €48M

Seller(S) 1

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 71 of 102
Sector (Chemicals) 4 of 5
Type (Add-on Acquisition) 22 of 35
State (Ohio) 3 of 6
Country (United States) 69 of 97
Year (2019) 5 of 8
Size (of disclosed) 13 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-09 Chartis

Chicago, Illinois, United States

Chartis is a healthcare advisory firm that develops and activates transformative strategies, operating models, and organizational enterprises. The company helps providers, payers, technology innovators, retail companies, and investors create and embrace solutions that radically reshape healthcare for the better. Its family of brands includes Chartis, Jarrard, Greeley, and HealthScape Advisors. Chartis was founded in 2002 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-10 Aspen Surgical

Caledonia, Michigan, United States

Aspen Surgical is a manufacturer and marketer of both OEM and branded disposable medical products for surgical and general healthcare applications. Aspen Surgical Product's major products included surgical needles, surgical skin markers, disposable light handles, instrument guards, anti-fog solutions, and surgical accessories. Aspen Surgical was founded in 1999 and is based in Caledonia, Michigan.

Buy -
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