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Hexpol to Acquire Majority Stake in Symplast in EUR54 Million Deal

MT Newswires·10/21/2026 11:31:02
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11:31 AM EDT, 10/21/2026 (MT Newswires) -- Hexpol (HPOL-B.ST) agreed to purchase an 80% stake in Turkish specialized thermoplastic elastomer compounds manufacturer Symplast for 54 million euros. The transaction is expected to be completed no later than the first quarter of 2027, subject to customary closing conditions and regulatory clearances, according to a Wednesday release. The agreement also grants both Hexpol and the sellers the option to acquire or divest the remaining minority stake, respectively. Symplast will be integrated as a subsidiary under the advanced polymer compounding company's Thermoplastic Compounding business area.