HEXPOL to buy 80% of Turkish elastomer compounder Symplast for €54 million
HEXPOL is acquiring 80% of Izmir-based Symplast A.Ş. for €54 million on a cash- and debt-free basis, according to Reuters and TradingView.
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what happened
Sweden's HEXPOL has agreed to acquire 80% of Symplast A.Ş., a Turkish maker of specialized thermoplastic elastomers headquartered in Izmir. The price is €54 million on a cash- and debt-free basis. HEXPOL also holds an option to buy the remaining shares, and the founders can sell their stake to the company.
Symplast serves the automotive, construction, consumer and electronics industries, with sales of about €34 million and 135 employees. The deal will be financed through bank facilities and cash. Closing is expected no later than the first quarter of 2027 and requires competition authority approval.
why it matters
For markets this is a small transaction, but it strengthens HEXPOL's thermoplastic compounding business, which the company has named a key growth platform. The Turkish presence gives the group access to domestic customers and export markets in Europe.
market impact
HEXPOL shares: the deal bolsters its thermoplastics business; direct effect on the stock is limited
tags
instruments
sources
- Hexpol Acquires Turkish Thermoplastic Elastomer Compounder Symplast — Reuters, 21 October 2026 at 13:41 UTC
- HEXPOL acquires the leading Turkish Thermoplastic Elastomer Compounder Symplast A.Ş. — TradingView, 21 October 2026 at 13:40 UTC
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