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MEXICHEM COMPLETES ACQUISITION OF DURA-LINE
Tlalnepantla, State of Mexico, September 20th, 2014 - Mexichem, S.A.B. de C.V. (BMV: MEXCHEM*) (“the Company” or “Mexichem”) announced today that it has completed the acquisition of Dura-Line Corporation from CHS Capital, after receiving all relevant regulatory approvals.
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 markets. Dura-Line has manufacturing facilities in USA, India, Oman, Czech Republic, Mexico, and South Africa. It serves customers in 50 countries and is the exclusive provider for many of the world’s leading telecom companies.
The Dura-Line acquisition advances Mexichem’s strategy as a global, vertically integrated chemical company with a focus on high-end specialized products, as well as helping the Integral Solutions chain increase its penetration of key markets.
Starting September 19, 2014, Mexichem will consolidate Dura-Line under its Integral Solutions chain for accounting purposes. Dura-Line will continue to operate under its current management and with its existing brand portfolio.