# HEXPOL acquires Star Thermoplastics for $26.5 million

HEXPOL has acquired 100% of the shares in American TPE compounder Star Thermoplastic Alloys and Rubbers, Inc. for $26.5 million on a cash and debt free basis, establishing a presence in the US TPE market.

- Type: Acquisition
- Announced: 2023-11-15
- Where: near Chicago, Illinois, United States
- Value: $26.5M
- Jobs: 30
- Status: completed
- Products: thermoplastic elastomers (TPE)
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

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

## Sources

- [hexpol.com](https://www.hexpol.com/tpe/hexpol-acquires-the-american-tpe-compounder-star-thermoplastic-alloys-and-rubbers-inc/), 2023-11-15: "HEXPOL has acquired 100% of the shares in the American TPE Compounder Star Thermoplastic Alloys and Rubbers, Inc."

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