HEXPOL has acquired RheTech LLC and RheTech Colors from the founders’ families. RheTech has close to 50 years’ experience of polymer compounding and is a leading provider of polyolefin compounds, engineered resins and multifunctional colorant and additives. "The acquisition expands HEXPOL Compounding NAFTA´s capabilities and capacities within Polymer Compounding and is a very good complement to our present Polymer Compounding business.” Tracy Garrison, President and CEO HEXPOL Compounding NAFTA “This is excellent news for RheTech. HEXPOL is already a leading worldwide Polymer Compounder and this partnership will serve as a HEXPOL launching pad for plastics compounding for HEXPOL here in North America. RheTech has established a successful track record in North America highlighted by best-in-class operations, a reputation for quality and reliability, and long-standing customer and supplier relationships.” John Levinson, President and CEO RheTech RheTech has four facilities (including manufacturing and laboratories) located in Whitmore Lake, MI (RheTech), Fowlerville, MI (RheTech), Sandusky, OH (RheTech Colors) and in Blacksburg, SC (RheTech Engineered Plastics). RheTech had a turnover of 117 MUSD in 2013 and has around 212 employees. The acquired business has an EBITDA margin well below the HEXPOL Group and is expected to have a positive impact on earnings per share from start. "This is a further step in expanding and strengthening the HEXPOL Group with another acquisition within our core business. RheTech, with its competence and capabilities, will fit nicely into the HEXPOL Group and broadens our product range within Polymer Compounding." Georg Brunstam, CEO HEXPOL Group The acquisition price amounts to approximately 112 MUSD on a cash and debt free basis and is funded by a combination of cash and existing bank facilities. The business will be consolidated from the acquisition day. For further information, please contact: Georg Brunstam, President and CEO Tel: +46 (0)708 55 12 51 Karin Gunnarsson, CFO/IR Tel: +46 (0)705 55 47 32 Tracy Garrison, President and CEO HEXPOL Compounding NAFTA Tel: +1 615 708 7855 HEXPOL is a world-leading polymers group with strong global positions in advanced polymer compounds (Compounding), gaskets for plate heat exchangers (Gasket), and plastic and rubber materials for truck and castor wheel applications (Wheels). Customers are primarily OEM manufacturers of plate heat exchangers and trucks, systems suppliers to the global automotive and engineering industries, the energy sector and medical equipment manufacturers. The Group is organised in two business areas, HEXPOL Compounding and HEXPOL Engineered Products. The HEXPOL Group’s sales in 2013 amounted to 8,036 MSEK. The HEXPOL Group has approximately 3,900 employees in eleven countries. Further information is available at www.hexpol.com. This press release consists of such information that HEXPOL AB (publ.) may be obliged to disclose in accordance with the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on January 19, 2015.
HEXPOLs acquisition of RheTech, a well-known Thermoplastic
Top 10 Most Recent News Articles
Booming Door Market: $105.93B by 2031, Key Insights
Introduction to the Future of the Door Industry Here's what gets me grinning—despite the market doomsayers, there's one industry that's swinging open new opportunities every year: doors. Projected to hit a whopping $105.93 billion by 2031, this market isn't just about hinges and handles. It's a sign of booming construction, urban development, and rising consumer...
Continue Reading
Thunderly Bags Davey Awards for Creative Franchise Videos
Big Wins from Humble Beginnings Ever notice how some small outfits have a knack for punching above their weight? Thunderly, a Dallas-based marketing agency, is a shining example of that. They've just snagged two Silver Awards at the 22nd Annual Davey Awards—and it’s stirring up talk across the sector. Winning a Davey isn’t child's play; it’s about small teams...
Continue Reading
Jay Group Expands to Houston with New Fulfillment Hub
Jay Group's Bold Move in the Logistics Arena In a no-holds-barred expansion, Jay Group's got themselves a brand new sprawling 250,000-square-foot fulfillment hub deep in the heart of Houston. Now, folks, this isn’t just another warehouse. We're talking a 3PL powerhouse that allows coast-to-coast delivery, hitting 90% of U.S. consumers in just a couple of days. If you're...
Continue Reading
Veralto Sees Strong Q3 2026 Growth, Eyes 2027 Gains
Veralto's Stellar Third Quarter Performance Jumping right into the thick of it, Veralto's third quarter 2026 numbers aren't just a flash in the pan. We're talking a solid sales boost of 7.5%, reaching the magic number of $1,509 million. If you're holding NYSE:VLTO, these figures are a good look. It's not every day you see an operating profit margin hovered at an...
Continue Reading
Guidewire Celebrates P&C Insurance Innovators
P&C Insurance Takes Center Stage If there's one thing that gets the blood pumping at a conference, it's innovation. This year, Guidewire pulled out all the stops at their Connections Conference in Las Vegas, spotlighting customer and partner triumphs in the P&C insurance sector. From Guidewire Innovation Awards to Partner Excellence Awards, the event was an ode to...
Continue Reading
LeWiz's NASA Contract: A Step Toward Stellar Networking
Pioneering New Frontiers in Space Networking LeWiz Communications just snagged a shiny new NASA contract to tackle a challenge that's been a real thorn in space tech's side: reliable networking for spacecraft. That's right, while traditional Ethernet has been ruling the roost here on Earth, it doesn't quite cut it beyond our atmosphere. Aerospace systems demand precision,...
Continue Reading
EDB Enhances Postgres with Horizontal Scaling Preview
EDB's Ambitious Move Into Seamless Data Growth Right out of Wilmington, Delaware, EnterpriseDB (EDB) is sowing the seeds for a seismic change in how enterprises juggle their data systems. With 86% of the top brass anticipating AI data systems becoming top-tier indispensable, the unveiling of EDB’s horizontal scaling for their Postgres AI Distributed is a tune you just...
Continue Reading
USD 6.8 Million for Disease R&D: GHIT's Bold Bet
GHIT Fund Pumps Millions Into Health R&D In a world plagued by infectious disease outbreaks and continual health challenges, the Global Health Innovative Technology (GHIT) Fund isn't just twiddling its thumbs—they're throwing down around $6.8 million to wrestle some of the nastiest bugs out there, like malaria and Ebola. This cash doubles down on nine risky gambles,...
Continue Reading
Jacquie Lawson's Advent Calendar Delights Fans for 17th Year
A Festive Tradition with a Twist The Jacquie Lawson Advent calendar is back for its 17th season, and it's no ho-hum affair. This time, the scene is set against the breathtaking backdrop of England's Lake District. If you've been yearning for a bit of that classic literary and natural charm, this is your ticket—minus the airfare. The calendar isn't just a countdown; it's...
Continue Reading
Kansas City Life Welcomes Kellie Needham to Board
A New Era in Kansas City Life's Leadership This ain't your run-of-the-mill board appointment, folks. Kansas City Life Insurance Company has just handed the reins to Kellie S. Needham, who steps in to fill her mother's recently vacated board seat. Imagine that—a family legacy stretching back to the early 1900s when J.B. Reynolds first laid the foundation. Legacy Unbroken...
Continue ReadingTop 5 Most Recently Viewed Articles
Analyzing the Surge: DOGE Climbs 12% While SHIB Jumps 9%
Momentum Shifts in Dogecoin and Shiba Inu Dive into the details, and you’ll find something unusual brewing in the murky waters of crypto. Dogecoin (CRYPTO: DOGE) just pulled a remarkable 12% surge, smashing through a descending wedge that's been tightening its grip since mid-January. It's like watching a canary break out of its cage—almost explosive. Dogecoin’s...
Continue Reading
Quanterix Launches p-Tau 217 Test Kit to Enhance Alzheimer’s Research
Quanterix Corporation (NASDAQ: QTRX) dropped a bombshell with the launch of its Simoa® p-Tau 217 Planar Kit back in mid-2024. This isn't just another product; it’s a significant step forward in Alzheimer’s Disease (AD) diagnostics that traders and researchers alike had been eagerly waiting for. The kit aims to bring non-invasive testing to the forefront, expanding...
Continue Reading
Transforming IT Support: TeamViewer's New AI Features
Enhancing IT Support with AI Innovations TeamViewer, a recognized leader in digital workplace solutions, has unveiled a groundbreaking suite known as TeamViewer Intelligence. This new suite brings a range of AI-powered features that integrate directly into IT support workflows, revolutionizing the way teams manage their operations. Introducing TeamViewer Intelligence...
Continue Reading
Kawneer Launches MetroView® 4-SSG for Advanced Building Needs
Tall Glass and Big Promises with Kawneer's Latest Innovation Kawneer just rolled out the new MetroView® 4-SSG window wall system, and it's promising a lot for the world of architectural designs. This isn't just some new set of fancy windows; it's got a whole toolkit of tweaks aimed at building efficiency and style. With folks looking for uninterrupted sightlines and...
Continue Reading
Exploring the Future of AI and Opportunities in Tech Stocks
The AI wave hit the tech industry hard back in 2023, causing ripples across the PC market. Worldwide shipments took a nosedive from 341 million units in 2021 to about 241 million by 2023. Not good, right? But there were whispers of a potential comeback. Analysts pointed to the looming end of Windows 10 support as a catalyst. Businesses and consumers alike were itching to...
Continue Reading