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Markets :: Plastics :: Polyethylene
Mexichem acquires US-based HDPE conduit and pipe producer for $630 million
11:28 AM MDT | August 18, 2014 | Francinia Protti-Alvarez
Mexichem (Tlanelpantla, Mexico) has reached an agreement to acquire Dura-Line (Knoxville, TN) from private equity firm CHS Capital (Chicago) for $630 millon in cash and assumed liabilities, Mexichem announced today. The transaction is subject to approval by the relevant authorities and is expected to be completed in the fourth quarter, at which time Mexichem will include Dura-Line in Mexichem's integral solutions business line. “The acquisition of Dura-Line is a further step in our strategy of becoming a global, vertically integrated chemical company with a...
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