HEXPOL, a global supplier of polymers, reports that it has signed an agreement to acquire 80% of the shares of Turkey’s Kabkom Kimya Sanayi ve Ticaret Anonim Şirketi (Kabkom).
A press release said that agreement was signed by Kabkom founders Erdem Eker, Özgür İpek and Bekir Güler. Kabkom, founded in 2011, was described as the largest independent cable compounder in Turkey. The company specializes in high-performance thermoplastic and thermoset cable compounds for the fast-growing cable market. Kabkom operates a new manufacturing facility outside Izmir, with 70 employees.
The addition of Kabkom, will strengthen HEXPOL’s capabilities for HFFR and cross-linked materials, allowing them to serve even better a wide selection of international and domestic customers. “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,” said HEXPOL Group President and CEO Klas Dahlberg.