HEXPOL to acquire an 80% stake in Symplast A.Ş. for EUR 54 million, strengthening its thermoplastic compounding business and expanding its presence in Türkiye’s automotive, construction and cable markets.

Oct 22, 2026

HEXPOL has agreed to acquire an 80% stake in Symplast A.Ş., a Turkish developer and manufacturer of specialised thermoplastic elastomer (TPE) compounds, for EUR 54 million on a cash- and debt-free basis. Headquartered in İzmir, Türkiye, Symplast supplies customised compounds for automotive, construction, consumer, electronics and cable applications.

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Founded in 2013, Symplast has annual sales of approximately EUR 34 million and employs 135 people. Its product portfolio includes compounds for automotive weather seals and components, window and door systems, construction membranes, cable sheathing and connectors. The company operates a manufacturing facility and R&D centre in İzmir, a semi-finished materials facility in Poti, Georgia, and a sales office in Germany.

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Symplast’s founders will retain a role in the business, with Fahri Tolga Sarıkahya and Ali Rıza Kır continuing to manage the company as part of HEXPOL’s Thermoplastic Compounding business area. The transaction is subject to customary closing conditions, including competition authority approval, and is expected to close by the first quarter of 2027. HEXPOL also has an option to acquire the remaining shares.