# HEXPOL acquires 70% of almaak international GmbH

HEXPOL has signed an agreement to acquire 70% of the shares in almaak international GmbH, a specialist in high quality recycled engineered polymer compounds based in Germany. almaak's turnover in 2021 was 75 MEUR.

- Type: Acquisition
- Announced: 2022-03-08
- Where: Germany, Germany
- Value: $77.0M (70.0M EUR)
- Status: announced
- Products: recycled engineered polymer compounds
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Hexpol](https://endata.com/companies/504.md) (acquirer)
- [almaak international GmbH](https://endata.com/companies/61496.md) (target)
- [almaak](https://endata.com/companies/62099.md) (target)

## Sources

- [news.cision.com](https://news.cision.com/hexpol/r/hexpol-has-signed-an-agreement-to-acquire-70--of-the-shares-in-almaak-international-gmbh--a-speciali,c3521012), 2022-03-08: "The acquisition of almaak is fully in line with our growth strategy and we welcome the almaak team to the HEXPOL Group."
- [european-rubber-journal.com](https://www.european-rubber-journal.com/article/2091207/hexpol-completes-70-acquisition-of-recycled-polymer-compounder), 2022-04-05: "The acquisition strengthens our market position in Europe."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.