Hexpol said on 21 October 2026 that it had agreed to buy 80% of Symplast A.Ş., a Turkish maker of thermoplastic elastomer compounds, for €54m on a cash- and debt-free basis.
Why HEXPOL AB is buying Symplast A.Ş. (80%)
Hexpol described the deal as another step in executing its growth strategy. Symplast will operate as a subsidiary within the Thermoplastic Compounding business area, which Hexpol said it complements.
“The acquisition of Symplast is another important step in executing the growth strategy”
Deal terms and financing
The price is funded with bank facilities and cash. Hexpol has an option to acquire the remaining shares and the founders have an option to sell them to Hexpol. Co-founders Fahri Tolga Sarıkahya and Ali Rıza Kır will continue to run the business.
Regulatory approvals and timing
Completion is subject to customary conditions including competition authority approval and is expected no later than the first quarter of 2027.
Market context
Symplast has sales of about €34m and 135 employees, with sites in Izmir and Poti, Georgia, and a sales office in Germany. Hexpol completed its €143.5m acquisition of Italian cable compounder Vipa Group earlier in October.
