HEXPOL Acquires Italian Thermoplastic Materials Manufacturer Vipa Group

en.Wedoany.com Reported - HEXPOL recently announced the completion of the acquisition of 100% of the shares of Italy's Vipa Group. Vipa Group is a leading European developer and manufacturer of high-quality modified thermoplastic compounds, focused on the wire and cable sector with promising growth prospects. This acquisition will significantly expand HEXPOL's product portfolio in this field and strengthen its regional market presence.

The acquisition target was purchased from the founding Paolini family. Founded in 1969, Vipa Group has grown into a specialized compounding company with profitability above the industry average. The Paolini family will assist with the business transition over the next 18 months; current CEO Nicola Vigolo will continue to manage operations, with Vipa Group operating as a subsidiary of HEXPOL.

Vipa Group operates two well-equipped production sites and an advanced R&D center in Italy. In 2025, the company generated revenue of EUR 76.4 million and employs approximately 80 people, with existing sites offering room for capacity expansion. Through Vipa Group, HEXPOL will strengthen its wire and cable materials product line and enter several high-growth markets, including electrification, data centers, communications, and smart buildings.

HEXPOL's Interim CEO and CFO Peter Rosén stated: "The acquisition of Vipa Group is a key step in advancing the growth strategy for a new business segment in thermoplastic compounds, which was presented at the Capital Markets Day in November 2025. It also reflects our ambition: to build a globally leading thermoplastic materials business platform through a combination of organic growth and acquisitions. Vipa Group holds a leading position in the wire and cable sector, possesses solid material technology expertise, and is well positioned to benefit from long-term structural growth trends such as electrification and data centers."

The acquisition covers all operating entities of Vipa Group, including Vi.pa S.r.l. and Vi.pa Polimeri S.r.l.

Stefano Paolini, Chairman of the Board of Vipa Group and member of the founding family, commented: "We are pleased to have found the right industrial partner for Vipa Group. HEXPOL is committed to the continued development of the local business and to carrying forward our sustainable operating approach. HEXPOL has a deep understanding of the industry and is willing to continue investing resources to develop this company that our family has operated for more than half a century. The legacy of Vipa Group will be preserved, and our employees will join an industrial group with long-term growth potential."

At its Capital Markets Day in November 2025, HEXPOL announced its strategy to increase its focus on the thermoplastic materials segment, positioning it as a core growth platform.