GCA Altium advises Mesgo Group on its sale to HEXPOL

By on September 29, 2018

GCA Altium acted as exclusive financial advisor to the shareholders of Mesgo Group, an Italian compounder of high-performance elastomers, on its sale of a majority stake to HEXPOL (CPH:HPOL-B), a listed Swedish industrial group focused on advanced polymer compounds. This transaction strengthens GCA Altium’s reputation as one of the leading M&A advisors in the industrial sector in Italy.

Mesgo S.p.A. was founded by Francesco Caldara in 1996 and is headquartered in Carobbio degli Angeli (Bergamo, Italy), one of the most significant European rubber production districts. The company is one of the largest rubber compounders and the largest silicon compounder per tons handled per year in the Western European market.

The Mesgo Group is engaged in the development and production of high-performance and customized rubber compound solutions made of natural, synthetic, silicone and fluorocarbon rubber, both black and colored, as well as thermoplastic compound solutions, additives and pigment master batches.

Francesco Caldara, Mesgo Group’s majority shareholder, will retain, together with a minority stake, the position of CEO within the company and will continue to be supported by the management team which has already been in place for many years.

Commenting on the transaction, Francesco Caldara said: “I’m enthusiastic about this industrial partnership with HEXPOL. I’m convinced that this opportunity will strengthen our Group, give continuity to its growth and accelerate its international expansion. With its sizeable installed base of customers, HEXPOL is uniquely positioned across the growing compounding industry and will allow us to reach new markets and qualified customers. With this new project, together with the management’s continued commitment, we will make the best use of our technology and further accelerate our production efficiency.”

Mikael Fryklund, CEO of HEXPOL, added: “We are grateful to GCA Altium for engineering and bringing this transaction forward with professionalism, tenacity and competence, showing a fairness in judgment throughout the process.”

Carlo Dawan, Managing Director at GCA Altium, confirmed: “This deal underlines GCA Altium’s effectiveness in making challenging projects a success and marks another high profile transaction for us in the industrial space.”

The transaction is expected to close on 1st October 2018.

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