Hexpol AB (Malmö, Sweden) acquired 100% of VICOM 2002 S.L., a Spanish polymer compounder active in the wire and cable product sector. VICOM’s turnover in 2020 amounted to around 30 million EUR. The company employs some 30 people in its production facility in Barcelona.
“Through the acquisition of VICOM, we strengthen our position in Southern Europe in a segment favored by the global electrification trend. The company has high competence and capacity and fits well into our current business structure,” said Ralph Wolkener and Carsten Rüter, Presidents HEXPOL Compounding Europe/Asia
The acquisition is expected to bring a lower positive profit contribution. Hexpol will immediately start the integration of VICOM into our current structure.
“This is another step in expanding and strengthening the HEXPOL group through an acquisition within our core Polymer Compounding business. VICOM will, through its competence and capacity, fit very well into the HEXPOL group and strengthen our position on a growing market,” said Georg Brunstam, President and CEO
The acquisition is funded by a combination of cash at hand and existing bank facilities. VICOM will be consolidated by HEXPOL from 1 March 2021.