HEXPOL acquires 100 percent of the Italian company Vipa Group with headquarters in Ancarano on the Italian east coast. The company is one of Europe’s leading developers and manufacturers of high-quality thermoplastic compounds with a focus on the fast-growing Wire & Cable segment. The acquisition significantly strengthens HEXPOL’s product portfolio and geographical reach in the segment.
Vipa Group is being acquired from the Paolini family, who founded the company in 1969 and have since then developed the business into a true specialty compounder with above-market profitability. The Paolini family will support the transition to HEXPOL ownership over 18 months, while the current CEO, Nicola Vigolo, will continue to manage the company as a subsidiary within the HEXPOL structure.
The operations include two well-invested production sites in Italy and a state-of-the-art R&D centre. In 2025, the company had turnover of 76.4 MEUR, approximately 80 employees, and capacity to grow within its current footprint. Vipa Group will significantly strengthen HEXPOL’s Wire & Cable offering with exposure to electrification, data centres, telecom and smart buildings.
Peter Rosén, acting CEO and CFO, said:
The acquisition of Vipa Group marks an important step in executing the growth strategy for the new business area Thermoplastic Compounding that was presented at our Capital Markets Day in November 2025. It also demonstrates our ambition to build a leading thermoplastics platform through both organic growth and acquisitions.
Vipa Group brings leading positions in Wire & Cable, strong material expertise and exposure to long-term structural growth drivers such as electrification and data centres.
The acquisition includes the entire Vipa Group, consisting of the companies Vi.pa S.r.l. and Vi.pa Polimeri S.r.l.
Stefano Paolini, Chairman of the Board and member of the founding family of Vipa Group, added:
We are very pleased to have found a new industrial owner for Vipa Group that is committed to continuing our activities in the region while upholding our policy of sustainable development.
HEXPOL has demonstrated deep knowledge about the business and a willingness to further invest and develop the Group our family has built over more than half a century. The Group’s heritage will continue, and our employees will be part of a group with a strong future.
At HEXPOL’s Capital Markets Day in November 2025, the company announced an increased focus on Thermoplastic as a key growth platform.
More information about HEXPOL’s Capital Markets Day on the company’s website.
The acquisition price is 143.5 MEUR on a cash- and debt-free basis and is funded by a combination of bank facilities and cash. The acquisition is expected to close during the third quarter of 2026.
With the acquisition of Vipa Group, we now have a greater critical mass in our offering to the Wire and Cable industry. Therefore, as of July 1, HEXPOL’s subsidiaries HEXPOL Izmir and HEXPOL Vilafranca will move from the Rubber Compounding business area to the Thermoplastic Compounding business area.
Original announcement: HEXPOL
Image: Courtesy of HEXPOL
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