# HEXPOL acquires McCann Plastics for $120M

HEXPOL has signed an agreement to acquire 100% of McCann Plastics LLC, a US specialist in thermoplastic compounding, for $120 million on a cash and debt free basis. The acquisition is expected to close in Q4 2022.

- Type: Acquisition
- Announced: 2022-11-02
- Where: Ohio, United States
- Value: $120.0M
- Jobs: 100
- Status: announced
- Products: thermoplastic compounds
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Hexpol](https://endata.com/companies/504.md) (acquirer)
- [McCann Plastics](https://endata.com/companies/66337.md) (target)

## Sources

- [investors.hexpol.com](https://investors.hexpol.com/en/press/hexpol-has-signed-agreement-acquire-100-shares-mccann-plastics-american-specialist), 2022-11-02: "The acquisition of McCann is fully in line with our growth strategy with acquisitions within polymer compounds and strengthens our market position in the US."
- [plasticsnews.com](https://www.plasticsnews.com/materials/hexpol-buys-thermoplastics-firm-mccann-plastics-120m/), 2022-11-10: "Hexpol buys thermoplastics firm McCann Plastics for $120M"
- [news.cision.com](https://news.cision.com/hexpol/r/hexpol-s-acquisition-of-the-shares-in-mccann-plastics--an-american-specialist-in-thermoplastic-compo,c3677740), 2022-12-06: "The acquisition of McCann is fully in line with our growth strategy with acquisitions within polymer compounds and strengthens our market position in the US."

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