Audax Private Equity completes sale of Preferred Compounding to HEXPOL
Audax Private Equity (Audax), in partnership with management, has completed the sale of Preferred Compounding Corporation (Preferred Compounding) to HEXPOL (STO:HPOL-B). Headquartered in Copley, OH, Preferred is a leading provider of proprietary and custom mixed rubber compounds, including strips, slabs, pellets, and calendered sheet end forms. The Company maintains relationships