Mexichem acquire Dura-Line Corporation $630 million

Mexichem to acquire Dura-Line Corporation for $630 million

10:32 AM, 19th August 2014
Mexichem to acquire Dura-Line Corporation for $630 million

TLALNEPANTLA, MEXICO: Mexichem, SAB de CV has reached agreement to acquire Dura-Line Corporation CHS Capital totaling $630 million in cash and assumed liabilities, advance the growth strategy in specialty products added value. Dura-Line, based in Knoxville, Tennessee, US is a global leader in high-density polyethylene (HDPE) ducts and solutions for pressure piping voice and data telecommunications, as well as in energy and infrastructure industries. Dura-Line has manufacturing plants in North America, India, Oman, Europe and South Africa.

The transaction is subject to approval by the relevant authorities and is expected to be completed in the coming months, at which time Mexichem consolidate at Dura-Line Chain Management Solutions. Dura-Line will continue to operate with management and the portfolio of existing brands.

“The acquisition of Dura-Line is another step in our strategy of becoming a global vertically integrated player in the chemical industry with a focus on specialty products and solutions of high value. The technological expertise of Dura-Line and its leadership position in the markets for voice and data telecommunications, energy driving a portfolio of clients including ‘blue-chip’ will enable us to expand our presence in these high-growth segments to throughout our global operations. The international presence of Dura-Line will allow Chain Management Solutions to increase its penetration in key markets while we provide a platform for growth in new geographic regions for all products Mexichem,” said Antonio Carrillo, Director General, Mexichem.

 

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