Vinge, together with Ellis & Winter LLP, has advised Hexatronic Group AB (publ) in connection with the acquisition of Blue Diamond LLC (BDI), Lexington, Kentucky.
BDI manufactures High Density Polyethylene (HDPE) conduits and pipes for the telecommunications and utilities industries.
BDI has a turnover of approximately MUSD 29 with an EBITDA of approximately MUSD 4 and has 85 employees. The purchase price on a debt-free basis amounts to MUSD 24.5 with a maximum supplementary purchase price of MUSD 2.5.
Vinge’s team was led by Anders Strid.