Sweden-based HEXPOL buys Excel Polymers for $220m

01 December 2010 04:15  [Source: ICIS news]

HOUSTON (ICIS)--Sweden-based HEXPOL bought elastomer compounder Excel Polymers from Lion Chemical Capital for $220m (€167m), Lion said on Tuesday.

Excel Polymers, which is headquartered in Solon, Ohio, is a global merchant supplier of rubber compounding, elastomer compounding, roll compounds, rubber chemicals, and services, according to Lion.

It has operations in the US, Mexico, the UK and China.

Lion said it bought Excel from PolyOne in 2004.

($1 = €0.76)

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