# HEXPOL acquires Star Thermoplastic Alloys and Rubbers for $26.5M

HEXPOL has acquired 100% of the shares in Star Thermoplastic Alloys and Rubbers, Inc., a TPE compounder near Chicago, Illinois, for $26.5 million on a cash and debt free basis. The acquisition establishes HEXPOL's presence on the American TPE market.

- Type: Acquisition
- Announced: 2022-12-08
- Where: near Chicago, Illinois, United States
- Value: $26.5M
- Jobs: 30
- Status: completed
- Products: thermoplastic elastomers (TPE) compounds
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Automotive Components](https://endata.com/sectors/automotive-components.md), [Construction Materials](https://endata.com/sectors/construction-materials.md), [Medical Devices](https://endata.com/sectors/medical-devices.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Hexpol](https://endata.com/companies/504.md) (acquirer)
- [Star Thermoplastic Alloys and Rubbers, Inc.](https://endata.com/companies/67181.md) (target)

## Sources

- [inderes.dk](https://www.inderes.dk/en/releases/hexpol-acquires-the-american-tpe-compounder-star-thermoplastic-alloys-and-rubbers-inc), 2022-12-08: "The acquisition of Star Thermoplastics is in line with our growth strategy and will enable HEXPOL to enter the American TPE market through a well-established company with a strong product portfolio."

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