Hexpol has completed its acquisition of Unión de Industrias C.A. (Unica) from Spanish private equity firm Espiga Capital. Unica is a significant player in the rubber compounds in Spain, supplying a range of customers in the automotive, construction and agriculture sectors.
Ralph Wolkener and Carsten Rüter, presidents Hexpol Compounding Europe/Asia, said in a joint statement: “Through the acquisition of Unica, we will strengthen our position in Rubber Compounds for demanding customers in Spain and other EU countries. Unica will be a perfect complement to our existing operations in Spain, mainly active in other sectors.”
In recent years, Unica has made significant investments in equipment and technology and sees itself as well positioned to support the transforming automotive market in Southern Europe. The company’s current management team will remain post takeover.
Unica’s turnover in 2020 amounted to US$47m with a profitability below Hexpol Group. The company currently operates one advanced compounding facility in Corella, Spain with some 80 employees.