Hexpol Signed Contract to Purchase US Rubber Compounding Producer
CHEMMONITOR.COM – Hexpol (Sweden) inked a contract to buy US-based Kardoes Rubber Co. The purchase is forecast to be fulfilled in the end of July. The contract is worth USD 31.8 million.
With about 90 employees, Kardoes Rubber Co. gained profits of USD 43 million in 2013. The firm currently operates production facility in LaFayette in the US.