DAILY NEWS Aug 20, 2014 11:19 AM - 0 comments

Mexichem to buy HDPE pipe maker Dura-Line for US$630 million

TEXT SIZE bigger text smaller text
2014-08-20

Mexico-based PVC pipe and specialty chemicals maker Mexichem SAB de CV is acquiring plastic pipe maker Dura-Line Corporation from private equity firm CHS Capital for US$630 million.

Headquartered in Knoxville, Tenn., Dura-Line is a manufacturer of HDPE conduit, duct and pressure pipes for telecom and data communications, energy and infrastructure industries.

Dura-Line has manufacturing facilities in North America, India, Oman, Europe, and South Africa.

“The acquisition of Dura-Line will be a further step in our strategy of becoming a global, vertically integrated chemical company with a focus on high-end specialised products and solutions,” Antonio Carrillo, CEO of Mexichem, said in a statement.

Dura-Line will continue to operate under its current management and with its existing brand portfolio.



Horizontal ruler

Horizontal Ruler

Post A Comment

Disclaimer
Note: By submitting your comments you acknowledge that Canadian Plastics has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.

Your Name (this will appear with your post) *

Email Address (will not be published) *

Comments *



* mandatory fields