HEXPOL has signed an agreement to acquire 80 percent of the shares in Kabkom Kimya Sanayi ve Ticaret Anonim Şirketi (Kabkom) from the founders Mr. Erdem Eker, Mr. Özgür İpek and Mr. Bekir Güler.
Kabkom was founded in 2011 and has grown to become the largest independent cable compounder in Turkey. The company specialises in high-performance thermoplastic and thermoset cable compounds for the fast-growing cable market. Kabkom operates a brand-new, state-of-the-art manufacturing facility outside Izmir, Turkey, and employs 70 people.
HEXPOL has been developing one of the most comprehensive materials portfolios in the market, working with high-performance materials such as silicone rubber, advanced rubber technologies, additives and thermoplastic elastomers (TPE). With the addition of Kabkom, HEXPOL has strengthened its capabilities, including HFFR and cross-linked materials, allowing it to serve a wide selection of international and domestic customers.
Klas Dahlberg, President and CEO, HEXPOL Group, said:
With this acquisition we broaden the capabilities of the HEXPOL Group in the fast-growing wire and cable market. We look forward to continuing the successful journey of Kabkom together with the founders, and we welcome them to the HEXPOL family.
Original announcement: HEXPOL
Image: Courtesy of HEXPOL
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