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

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

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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.

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