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Hexpol completes acquisition of Unica

July 09/2021

MOSCOW (MRC) -- Swedish polymers group Hexpol has completed its previously announced EUR48m acquisition of Union de Industrias (Unica), said the company.

HEXPOL has completed the previously announced acquisition of 100% of Union de Industrias C.A., S.A. (Unica) from Espiga Capital, a Spanish based Private Equity firm. Unica is a significant player in Rubber Compounds in Spain, supplying several demanding customers in the automotive, construction and agriculture sectors.

Through the acquisition of Unica, we will strengthen our position in Rubber Compounds for demanding customers in Spain and other EU countries. Unica will be a perfect complement to our existing operations in Spain, mainly active in other sectors."
During the last few years, Unica has made significant investments in equipment and technology and is well positioned to support the transforming automotive market in Southern Europe. The companys strong and experienced Management Team will stay with the company and further drive growth and technical excellence.

"I am pleased to welcome the Unica team, which we have great respect for, to the HEXPOL Group. Unicas focus on customer satisfaction and quality fits perfectly in our Group."

As per MRC, Hexpol acquired 100% of VICOM 2002 S.L., a Spanish Polymer Compounder active in the interesting and growing product segment wire and cable. VICOMs turnover 2020 amounted to some EUR30 mln, is profitable and employs some 30 people in its production facility in Barcelona.

Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 744,130 tonnes in the first four month of 2021, up by 4% year on year. Shipments of all PE grades increased. At the same time, PP deliveries to the Russian market were 523,900 tonnes in January-April 2021, up by 55% year on year. Supply of homopolymer PP and PP block copolymers increased, whereas shipments of PP random copolymers decreased.

Unica operates a compounding facility in Corella, Navarra, Spain. It has about 80 employees and had sales of EUR40m last year.  Hexpol bought Unica from Spanish private equity firm Espiga Capital.
Author:Anna Larionova
Tags:petroleum products, crude oil, neftegaz, petrochemistry, Hexpol.
Category:General News
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