Hextar Global to acquire synthetic latex polymer manufacturer for RM13mil

KUALA LUMPUR: Hextar Global Bhd has entered into a share sale agreement to acquire the entire issued share capital of TufBond Technologies Sdn Bhd, a manufacturer of various synthetic latex polymers, for RM13mil cash.

It said in a Wednesday statement that the acquisition of TufBond comes with a profit guarantee of RM2mil per annum being the profit after tax for each consecutive year to derive an aggregate profit guarantee of RM6mil over three years.