M&A Deal Summary

HEXPOL Acquires RheTech Colors

On February 12, 2015, HEXPOL acquired plastics company RheTech Colors from O2 Investment Partners

Acquisition Highlights
  • This is HEXPOL’s 1st transaction in the Plastics sector.
  • This is HEXPOL’s 3rd transaction in the United States.
  • This is HEXPOL’s 2nd transaction in Ohio.

M&A Deal Summary
Date 2015-02-12
Target RheTech Colors
Sector Plastics
Buyer(s) HEXPOL
Sellers(s) O2 Investment Partners
Deal Type Add-on Acquisition

Target

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.

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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 3 of 11
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 3 of 9
State (Ohio) 2 of 3
Country (United States) 3 of 7
Year (2015) 1 of 1
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-03 Berwin Group

Dukinfield, United Kingdom

Berwin Group Ltd. is a manufacturer and developer of new innovative rubber compounds for diverse applications.

Buy £25M

Seller(S) 1

SELLER

O2 Investment Partners

Bloomfield Hills, Michigan, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

O2 Investment Partners is a Midwest US-based private equity group that acquires majority interests in small and mid-sized businesses operating in traditional industries, including manufacturing, niche distribution, select service and technology businesses. Target companies typically have stable cash flows, sustainable and defensible business models, and growth potential. O2 Investment Partners was formed in the year 2010 and is based in Bloomfield Hills, Michigan.

DEAL STATS #
Overall 2 of 10
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 2 of 6
State (Ohio) 1 of 1
Country (United States) 2 of 9
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-07 PC Treasures

Auburn Hills, Michigan, United States

PC Treasures is a multi-channel distributor of licensed OEM multimedia bundles and patented products including PC, tablet and smartphone accessories, power products and digital entertainment under its Digital Treasures brand. PC Treasures was founded in 1998 and is based in Auburn Hills, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-11 Clio Holdings

Birmingham, Michigan, United States

Clio Holdings LLC is a countertop supplier and fabricator, providing a broad range of materials to customers that require specialized services, such as homebuilders, professional remodelers and kitchen & bath dealers.

Buy -
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