Investment firm buys pipe and conduit extruder Dura-Line

By Michael Lauzon
Correspondent

Published: February 1, 2012 6:00 am ET

Related to this story

Topics Construction, Mergers & Acquisitions, Pipe/Profile/Tubing

KNOXVILLE, TENN. (Feb. 1, 1:15 p.m. ET) — A Chicago-based investment firm has acquired high density polyethylene pipe and conduit producer Dura-Line Holdings, formerly known as A-D Technologies, effective Jan. 31.

Dura-Line of Knoxville, Tenn., complements CHS Capital’s stakes in markets served by other CHS portfolio companies.

“CHS Capital has impressive experience in building and growing global businesses,” stated Dura-Line President and CEO Paresh Chari in a Jan. 31 news release. “Furthermore, their expertise with other investments in the energy and water infrastructure sectors will be beneficial to us as we expand into new markets and geographies.”

Dura-Line runs eight U.S. plants making HDPE conduit, duct and pressure pipe for telecom, data communications, energy and infrastructure markets. As A-D Technologies it reported 2010 extrusion-related sales in North America of $247 million in Plastics News’ pipe, profile and tubing survey. It also said it employed 700 and operated 88 production lines in North America. For 2010 it reported total sales, including those for offshore operations, at $354 million.

On Feb. 2 officials said in an e-mail that Dura-Line’s global annual sales now exceed $400 million and global employment is more than 1,200. They did not disclose terms of the CHS acquisition of Dura-Line.

“Dura-Line is the clear industry leader with unmatched capabilities and capacity and significant exposure to high-growth emerging markets,” noted CHS partner Dan Hennessy in a news release.

CHS’s industrial, infrastructure & energy portfolio includes global provider of heat tracing and thermal control products firm Thermon Group Holdings Inc., global designer and producer of geosynthetic linings GSE Holding Inc., and LVI Services Inc., the biggest U.S. remediation and facilities management company. CHS also has stakes in several companies that supply plastic products for other markets, including housewares, picture frames, expanded polystyrene foam, injection molding, cutlery, wire and cable, underground infrastructure and rigid containers and closures.

CHS is a private equity firm investing in the middle market. Its investment in Dura-Line is a partnership between CHS, GSO Capital Partners LP and Dura-Line’s senior management team. CHS has raised $2.9 billion of capital over 24 years in the middle market.

A-D Technologies expanded about a year ago when it bought BoreFlex Industries Inc. of Mountain Grove, Mo. Dura-Line’s U.S. plants are in Elyria, Ohio; Mountain Grove, Mo.; Graniteville, S.C.; North Salt Lake City, Utah; McAlester, Okla.; Sandersville, Ga., Middlesboro, Ky.; and Sparks, Nev.

Dura-Line also runs two plants in Mexico, one in the Czech Republic, three in India and one in Oman.

A-D Technologies changed its name to Dura-Line on Jan. 31 to capitalize on the high profile of the Dura-Line brand. CHS bought Dura-Line from Boston equity company Audax Group on the same day.


Comments

Investment firm buys pipe and conduit extruder Dura-Line

By Michael Lauzon
Correspondent

Published: February 1, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Acquisition expands Rieke Packaging's stake in Asia

July 28, 2014 4:39 pm ET

Diversified rigid packaging components producer Rieke Packaging Systems now has a bigger footprint in Asia.    More

A third generation is adding to the growth at American Vinyl Co.

July 28, 2014 4:32 pm ET

American Vinyl Co., a compounding and extrusion company that increased its workforce 20 percent this year, is looking to double its space for storing ...    More

Image

Who are the fastest growing pipe, profile and tubing extruders?

July 28, 2014 3:09 pm ET

Question: What's the word on this week's Plastics News annual ranking of the top Pipe, Profile and Tubing extruders in North America? Answer: Up....    More

Image

Two medical device makers add specialty products through acquisitions

July 28, 2014 3:02 pm ET

The medical merger mania continues this summer as two more medical device manufacturers are swallowed up by bigger competitors.    More

Image

Deal combines US packaging thermoformers

July 28, 2014 12:42 pm ET

Thermoformed medical packager Nelipak Corp. is expanding its North American holdings and access to the U.S. health care market with the purchase of Ph...    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events