Polymers manufacturer HEXPOL has agreed to acquire Kardoes Rubber Co. for $31.8 million. Kardoes is a rubber compounding plant in Lafayette, AL.
"The acquisition… broadens and strengthens our presence with rubber compounds into end-user markets like industrial materials handling, agriculture equipment and off-the-road tires,” said Tracy Garrison, president and CEO of HEXPOL.
Kardoes Rubber had sales of $43 million in 2013 and has 90 employees.
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