STOCKHOLM (Dec. 23, 2011)—Hexpol A.B. said it will purchase thermoplastic elastomer compounder Horst Mueller Kunststoffe GmbH & Co. K.G. from the Rowa Group for about $50.9 million.
Mueller Kunststoffe is a major Central European TPE supplier, with two production units in Lichtenfels, Germany. Hexpol said the firm employs about 90.
The acquisition will broaden Hexpol's product line in a growing market, the company said.