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EPA racing clock for 50-state emissions plan
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WASHINGTON—Acting EPA Administrator Andrew Wheeler defended Jan. 16 the Trump administration's proposal to scale back tailpipe emissions standards and held out hope for an agreement with...
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WASHINGTON—Acting EPA Administrator Andrew Wheeler defended the Trump administration's proposal to scale back tailpipe emissions standards and held out hope for an agreement with California on a national program that would make compliance less costly for auto makers. WASHINGTON—Acting EPA Administrator Andrew Wheeler defended the Trump administration's proposal to scale back tailpipe emissions standards and held out hope for an agreement with California on a national program that would make compliance less costly for auto makers. $WASHINGTON—Acting EPA Administrator Andrew Wheeler defended the Trump administration's proposal to scale back tailpipe emissions standards and held out hope for an agreement with California on a national program that would make compliance less costly for auto makers.
Experts say electric vehicles put greater emphasis on lightweight parts
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DETROIT—In case you hadn't noticed, what with the steady background thrum of the U.S. auto industry having just wrapped up its fourth-strongest sales year on record—while at the same...
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DETROIT—The global auto industry has taken a big shine to electric vehicles, and the shockwave is hitting auto makers, materials companies and parts suppliers at nearly every tier level. DETROIT—The global auto industry has taken a big shine to electric vehicles, and the shockwave is hitting auto makers, materials companies and parts suppliers at nearly every tier level. $DETROIT—The global auto industry has taken a big shine to electric vehicles, and the shockwave is hitting auto makers, materials companies and parts suppliers at nearly every tier level.
Wacky World of Rubber: Goodbye to Le Grand K
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Deep in a vault just outside of Paris, a hunk of metal sits vacuum-sealed under three jars. This was arguably the most important piece of metal in the world. Now, it's just another rock....
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Deep in a vault just outside of Paris, a hunk of metal sits vacuum-sealed under three jars. This was arguably the most important piece of metal in the world—the universal definition of a kilogram. Now, it's just another rock. Deep in a vault just outside of Paris, a hunk of metal sits vacuum-sealed under three jars. This was arguably the most important piece of metal in the world—the universal definition of a kilogram. Now, it's just another rock. $Deep in a vault just outside of Paris, a hunk of metal sits vacuum-sealed under three jars. This was arguably the most important piece of metal in the world—the universal definition of a kilogram. Now, it's just another rock.
Lord looks to keep pushing past $1 billion sales milestone
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CARY, N.C.—There's always another summit in the business world, but that doesn't mean Lord Corp. can't stop and enjoy the view after reaching a pretty big one. The Cary-based provider of...
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CARY, N.C.—There's always another summit in the business world, but that doesn't mean Lord Corp. can't stop and enjoy the view after reaching a pretty big one. CARY, N.C.—There's always another summit in the business world, but that doesn't mean Lord Corp. can't stop and enjoy the view after reaching a pretty big one. $ CARY, N.C.—There's always another summit in the business world, but that doesn't mean Lord Corp. can't stop and enjoy the view after reaching a pretty big one.
Trump expected to propose legislation to broaden powers to impose tariffs (updated)
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WASHINGTON—Industry officials are waiting to see the details of a Trump administration draft bill that would substantially change the imposition of tariffs on foreign goods. The...
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WASHINGTON—Industry officials are waiting to see the details of a Trump administration draft bill that would substantially change the imposition of tariffs on foreign goods. WASHINGTON—Industry officials are waiting to see the details of a Trump administration draft bill that would substantially change the imposition of tariffs on foreign goods. $WASHINGTON—Industry officials are waiting to see the details of a Trump administration draft bill that would substantially change the imposition of tariffs on foreign goods.
BASF plans major R&D projects to cut carbon emissions
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LUDWIGSHAFEN, Germany—BASF S.E. has announced a number of R&D projects to reduce carbon emissions as part of its new corporate strategy, which will see the company becoming CO2-neutral...
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LUDWIGSHAFEN, Germany—BASF has announced a number of R&D projects to reduce carbon emissions as part of its new corporate strategy, which will see the company becoming CO2-neutral by 2030. LUDWIGSHAFEN, Germany—BASF has announced a number of R&D projects to reduce carbon emissions as part of its new corporate strategy, which will see the company becoming CO2-neutral by 2030. $LUDWIGSHAFEN, Germany—BASF has announced a number of R&D projects to reduce carbon emissions as part of its new corporate strategy, which will see the company becoming CO2-neutral by 2030.
Cooper Standard looking beyond automotive, diversifying with acquisitions
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NOVI, Mich.—Cooper Standard Automotive Inc. changed a lot in 2018. After executing five major deals—four acquisitions and a divestiture of one of its primary product...
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NOVI, Mich.—After executing five major deals—four acquisitions and a divestiture of one of its primary product lines—Cooper Standard has reshaped its core product offerings and set the foundation for its non-automotive business. NOVI, Mich.—After executing five major deals—four acquisitions and a divestiture of one of its primary product lines—Cooper Standard has reshaped its core product offerings and set the foundation for its non-automotive business. $ NOVI, Mich.—After executing five major deals—four acquisitions and a divestiture of one of its primary product lines—Cooper Standard has reshaped its core product offerings and set the foundation for its non-automotive business.
Mobile, Alabama, may become export hub
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Alabama officials are optimistic that the Port of Mobile soon will be another arrow in the state's quiver of economic benefits to attract automotive companies. Alabama has become a manufacturing...
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Alabama officials are optimistic that the Port of Mobile soon will be another arrow in the state's quiver of economic benefits to attract automotive companies. Alabama officials are optimistic that the Port of Mobile soon will be another arrow in the state's quiver of economic benefits to attract automotive companies. $Alabama officials are optimistic that the Port of Mobile soon will be another arrow in the state's quiver of economic benefits to attract automotive companies.
Final winter auto show ends an era but also forges a path to the future
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DETROIT—This year's North American International Auto Show is the end of an era, but it also reflects a transition that's already starting to happen. Among the changes? More movement on the ...
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DETROIT—This year's North American International Auto Show is the end of an era, but it also reflects a transition that's already starting to happen. DETROIT—This year's North American International Auto Show is the end of an era, but it also reflects a transition that's already starting to happen. $DETROIT—This year's North American International Auto Show is the end of an era, but it also reflects a transition that's already starting to happen.
Light trucks take a record 69% of U.S. market
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DETROIT—U.S. sales for each of the five largest auto brands—Ford, Toyota, Chevrolet, Honda and Nissan—declined in 2018. But the No. 6 brand, Jeep, grew enough to keep the...
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DETROIT—U.S. sales for each of the five largest auto brands—Ford, Toyota, Chevrolet, Honda and Nissan—declined in 2018. But the No. 6 brand, Jeep, grew enough to keep the entire industry in the black for the year. DETROIT—U.S. sales for each of the five largest auto brands—Ford, Toyota, Chevrolet, Honda and Nissan—declined in 2018. But the No. 6 brand, Jeep, grew enough to keep the entire industry in the black for the year. $DETROIT—U.S. sales for each of the five largest auto brands—Ford, Toyota, Chevrolet, Honda and Nissan—declined in 2018. But the No. 6 brand, Jeep, grew enough to keep the entire industry in the black for the year.
Digital Edition
Digital Edition
Published on September 24, 2018

HEXPOL acquires Kirkhill Rubber; well-known U.S. Rubber Compounder

HEXPOL is pleased to announce the acquisition of the business of Kirkhill Rubber from the founder Mr. Edward Reker, his family and co-owners. Kirkhill is an industry leader with experience in aerospace, automotive, medical and other demanding industries. Most recently with expansion into silicone and perfluoroelastomer compounds. Kirkhill Rubber has annual sales of about 46 MUSD.

Kirkhill Rubber brings extensive knowledge in highly engineered elastomers with their wide range of equipment – specialty equipment, and complete laboratory testing facilities; this further enhances HEXPOL’s goal to be the best compounder.

Kirkhill Rubber’s recently acquired state-of-the-art facility in Long Beach, California will be the sole manufacturing plant of Kirkhill. Production in Downey, California will be transferred to Long Beach and the production in Athens, Georgia will be transferred to other HEXPOL sites in the US. Thereby the facilities in Downey and Athens are not included in the transaction. The acquired business has an EBITDA margin below HEXPOL Group and is expected to have a positive impact on earnings per share.

"This acquisition is a very good complement to HEXPOL Compounding in the US and broadens and strengthens our presence with Rubber Compounds by highly skilled people and advanced processes. Kirkhill’s recent purchase of the facility located in Long Beach, California further increases our ability to provide superior products and unparalleled service for our customers.”

Tracy Garrison, President HEXPOL Compounding NAFTA

Edward Reker, Kirkhill’s President, who will continue with HEXPOL, remarks, “We will see an immediate benefit by access to HEXPOL’s global material reach, expanded development resources and advanced quality systems. This will translate into exceptional service and enhanced products to our customers very quickly."

 Edward Reker, President Kirkhill Rubber Company

"This is a further step in expanding and strengthening the HEXPOL Group with an acquisition within our core business. Kirkhill Rubber with its competence, customer relations and capabilities will fit nicely into the HEXPOL Group."

Mikael Fryklund CEO HEXPOL Group

The acquisition price amounts to approximately 49 MUSD on a cash and debt free basis and is funded by a combination of cash and existing bank facilities. The business will be consolidated from September 2018. A smaller performance based consideration will be paid later if certain criteria are met.

For further information, please contact:

Mikael Fryklund 

President and CEO
+46 (0)40 25 46 61

Karin Gunnarsson
CFO/IR
+46 (0)40 25 46 64

Tracy Garrison
President HEXPOL Compounding NAFTA
+1 615 708 7855

HEXPOL is a world-leading polymers group with strong global market positions in advanced polymer compounds (Compounding), gaskets for plate heat exchangers (Gasket), and plastic and rubber materials for truck and castor wheel applications (Wheels). Customers are primarily system suppliers to the global automotive and engineering industry, the construction sector, the energy, oil, and gas sector, medical equipment manufacturers and OEM manufacturers of plate heat exchangers and forklifts. The HEXPOL Group’s sales in 2017 amounted to 12,230 MSEK. The HEXPOL Group has approximately 4,400 employees in eleven countries. Further information is available at www.hexpol.com.

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