Dura-Line to be Acquired by Mexichem
Aug 18, 2014
Dura-Line, a portfolio company of CHS Capital, a Chicago-based private equity firm, will be acquired by Mexichem, S.A.B. de C.V. (BMV: MEXCHEM*) (Mexichem) advancing Mexichem’s strategy of global growth in high-end specialty products. The transaction is subject to regulatory approvals and is expected to close in the fourth quarter of 2014.
Based in Knoxville, Tenn., Dura-Line is a global leader in high-density polyethylene (HDPE) conduit, duct and pressure-pipe solutions for telecom and data communications, energy and infrastructure industries. Dura-Line has manufacturing facilities in the United States, Mexico, India, Oman, Europe, and South Africa.
“The acquisition of Dura-Line is a further step in our strategy of becoming a global, vertically integrated chemical company with a focus on high-end specialized products and solutions,” said Mexichem CEO Antonio Carrillo. “Dura-Line’s technological expertise and leading market position in telecom, data communications and energy piping, including its portfolio of blue-chip customers, will allow us to expand in these fast-growing segments across our global operations. Dura-Line’s international footprint will allow our Integral Solutions business to increase penetration in key markets, and will also provide a platform for growth in new geographies for all of Mexichem’s products.”
“We are pleased to become part of Mexichem’s global team. Joining an organization with Mexichem’s scale will provide strong support for our existing operations and brands, and will enhance the future growth of the business,” said Dura-Line president and CEO Paresh Chari.