Aliaxis buys Chilean pipe maker

Charlotte Eyre

Published: January 10, 2013 6:00 am ET

Related to this story

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

BRUSSELS, BELGIUM (Jan. 10, 12:30 p.m. ET) — Belgium-based Aliaxis SA, one of Europe’s largest pipe manufacturers, is expanding business in Latin America by acquiring Chilean firm Vinilit SA.

Under the terms of the deal, Aliaxis increased its share in Santiago-based Vinilit from 40 percent to 100 percent to take over the company. Financial details were not disclosed.

An Aliaxis spokesperson said the company made the acquisition as it is “continuously looking for opportunities to strengthen its position in the plastic fluid handling industry, specifically in growing economies.”

In 2011, 15 percent of Aliaxis’s sales originated from Latin America, more than the 13 percent from Asia, Australasia and Africa combined, the spokesperson told European Plastics News.

Vinilit manufactures PVC, polypropylene and high density polyethylene piping, connectors, water systems and valves, and is the leader in Chilean plastic fluid handling systems, according to Aliaxis.

Aliaxis has been in the Latin American market since 2007 when it acquired the Durman Esquivel Group, based in Costa Rica.


Comments

Aliaxis buys Chilean pipe maker

Charlotte Eyre

Published: January 10, 2013 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Plastic products win Best of IBS awards

January 30, 2015 1:36 pm ET

LAS VEGAS — A year ago, inventor Jeremy Smith of Utah took his idea for an electrical outlet cover plate with LED lights on the bottom edge to...    More

Image

French investment firm buys Alabama-based CSP Technologies

January 30, 2015 1:10 pm ET

A French investment firm has finalized a deal to buy CSP Technologies Inc., an Auburn, Ala., company that makes specialty plastics packaging.    More

Image

Lubrizol buys Brazil-based coatings technology manufacturer

January 30, 2015 11:50 am ET

Specialty chemicals company Lubrizol Corp. of Wickliffe, Ohio, said it has acquired a Brazilian company that makes coatings technology for products...    More

Image

LG Hausys pulls out of Russian PVC profile market

January 30, 2015 11:17 am ET

LG Hausys Ltd., the building and decorative materials offshoot of South Korean giant LG Chemical Ltd., is pulling out of PVC window profile...    More

Image

Lund adds to aftermarket auto products portfolio with buy of Bushwacker

January 29, 2015 2:49 pm ET

Lund International Inc. has expanded its portfolio of plastic aftermarket vehicle accessories by acquiring Bushwacker Inc.    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events