Valley Processing, a company that produces custom-mixed, rubber-based compounds in the town of Bedford, has closed, according to town manager Charles Kolakowski.
The company was bought out by Hexpol Compounding, a Swedish company that produces rubber compounds and owns 41 production units in 10 countries, according to its website.
According to a Hexpol Compounding news release from April 3, Ted Ballou and his family sold Valley Processing, which made $34 million in 2016, for $46 million, plus additional costs for transferring products.
