Mexichem is planning on acquiring Dura-Line, a portfolio company of CHS Capital. No financial terms were disclosed for the transaction, which is expected to be completed in the fourth quarter of this year. Based in Knoxville, Tenn., Dura-Line is a provider of communication and energy infrastructure products and systems.
KNOXVILLE, Tenn.–(BUSINESS WIRE)–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*) (“the Company” or “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, Tennessee, USA, 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 U.S., 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 Antonio Carrillo, CEO of Mexichem. “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 Paresh Chari, President and CEO of Dura-Line.
For more information about Dura-Line, visit our website at www.duraline.com or contact us at 800.846.7661 or by emailing [email protected]
Dura-Line is a leading international manufacturer and distributor of communication and energy infrastructure products and systems including conduit, cable-in-conduit, pipe, and accessories. Dura-Line’s products are designed to provide for protection and fast, safe installation of communication networks, power cables and pressure pipe for a wide variety of markets, including telecommunications, enterprise networking, energy, transportation, wastewater and aquaculture. Headquartered in Knoxville, Tennessee, Dura-Line’s ISO 9001 manufacturing centers are strategically located throughout the U.S.