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

Sumitomo Bakelite buying injection molder Vaupell Holdings

April 24, 2014 7:37 pm ET

Private equity firm H.I.G. Capital LLC of Miami has entered into a definitive agreement to sell plastics processor Vaupell Holdings Inc. to Sumitomo...    More

Zimmer buying Biomet in $13 billion deal

April 24, 2014 4:25 pm ET

Orthopedic device giant Zimmer Holdings Inc. is buying rival Biomet Inc. in a $13.35 billion cash and stock deal, the companies announced April 24.    More

Songwon acquires division of India's SeQuent

April 24, 2014 12:22 pm ET

Songwon Industrial Group of South Korea has signed a deal with SeQuent Scientific Limited, India to acquire SeQuent's specialty chemicals business.    More

Image

China's biggest fuel tank maker getting a US foothold

April 23, 2014 4:41 pm ET

The majority owner of China's biggest fuel tank maker is expanding its global automotive footprint with the acquisition of the fuel tank unit of...    More

Image

China's Shide Group, BASF unveil 'revolutionary' all-plastic window profile

April 23, 2014 9:10 pm ET

SHANGHAI — The PVC window profile market in Asia is expected to increase four-fold by 2025, and Chinese building products maker Dalian Shide Gro...    More

Market Reports

Market Data Book - Rankings & Lists

A one-stop download of Plastic News' exclusive annual lists and processor rankings containing essential data including sales, employees, end markets, materials and more.
EXCLUSIVE EXCEL FEATURE: full mailing address details for available plant locations.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Mold Making and Tooling Review and Outlook 2014 North America

This report provides in-depth analysis of the mold and toolmaking market for North America, including discussions of trends, opportunities, threats, the latest developments in production and labor and equipment trends impacting moldmakers.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

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

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events