Berwin Group to continue thriving under Swedish ownership

Berwin Group to continue thriving under Swedish ownership

Rubber compounders Berwin Group has been acquired by HEXPOL AB of Sweden, a global polymer compounding group, in a deal worth £25m.

Berwin’s compounds are used in leading tyre brands, in products such as door and engine seals and hoses within the automotive, aerospace and oil and gas industries, and in everyday goods ranging from mouse mats to footwear.

Founded over 60 years ago, Berwin employs over 200 staff at its headquarters in Dukinfield, Manchester and its site in Lydney, Gloucestershire and has a turnover of around £40m. In 2015 it won a place in the International Track 200 as one of the private British companies with the fastest-growing international sales profiles.

The sale provides an exit for Berwin’s chairman Glyn Williams, who helped to lead a management buy-out in 1983.

He said: “We are delighted that Berwin, which has been independent since its formation in 1953, has been recognised by HEXPOL for its market leading products and technical capability along with its loyal and experienced workforce.  By becoming a member of such a strong international group we believe Berwin will continue to thrive.”

Ralph WolkenerCarsten Rüter, president of HEXPOL Compounding Europe, said: "The acquisition is a very good complement to HEXPOL Compounding in Europe and broadens and strengthens our presence with Rubber Compounds in the UK market. Berwin expands our capabilities and capacities to serve our customers in a more efficient way."

Georg Brunstam, CEO of the HEXPOL Group, added: "This is a further step in expanding and strengthening the HEXPOL Group with a further acquisition within our core business. Berwin, with its competence and capabilities, will fit nicely into the HEXPOL Group and gives us a stronger UK presence."