Mexichem announced Monday that it has reached an agreement to
acquire Dura-Line Corp. from CHS Capital for a total of $630
million in cash and assumed liabilities, advancing
Mexichems strategy of global growth in high-end
Based in Knoxville, Tennessee, 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.
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 specialized
products and solutions, said Antonio Carrillo, CEO of
Dura-Lines 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," he added. "Dura-Lines 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
The transaction is subject to regulatory approvals and is
expected to close by the end of the third quarter of 2014.
Once the transaction has closed, Mexichem will consolidate
Dura-Line under the companys integral solutions chain
for accounting purposes.
Dura-Line will continue to operate under its current
management and with its existing brand portfolio.
We are pleased to become part of Mexichems global
team. Joining an organization with Mexichems scale will
provide strong support for our existing operations and
brands, and will enhance the future growth of the
business, said Paresh Chari, CEO of Dura-Line.