High density polyethylene pipe producer Dura-Line Holdings Inc. has expanded in North America with the acquisition of PolyPipe Holdings Inc. of Gainesville, Texas, for undisclosed terms. The deal closed April 13.
“The acquisition of PolyPipe will position us to further strengthen our footprint in the U.S. and be a significant player in the North American pressure-pipe market,” Paresh Chari, Dura-Line president and CEO, said in a news release.
PolyPipe emphasizes pressure pipe to a greater extent than does Dura-Line, explained Dura-Line spokeswoman Tanya Kanczuzewski in a telephone interview. PolyPipe makes HDPE pipe from 1 inch to 65 inches in diameter, larger than Dura-Line has been doing, she added.
PolyPipe markets are energy, water, municipal and industrial, nuclear, and gas distribution in the United States. Its 2011 sales were about $200 million, according to Kanczuzewski. Its former owner was Halifax Group of Washington.
Knoxville, Tenn.-based Dura-Line is a major supplier of HDPE conduit and pressure pipe for telecommunications and power industries. Its sales last year were about $450 million worldwide. North American 2011 sales were not disclosed, but in 2010 its North American pipe sales were $247 million, according to Plastics News' most recent ranking.
Dura-Line's production plants are in Elyria, Ohio; Mountain Grove, Mo.; North Salt Lake City, Utah; McAlester, Okla.; Sandersville, Ga.; Middlesboro, Ky.; and Sparks, Nev. The firm closed its Graniteville, S.C., plant in early March.
PolyPipe brings to the table plants in Gainesville and Midland, Texas; Evansville, Wyo.; Erwin, Tenn.; and Sandersville, Ga. PolyPipe employs about 200. Higher activity in oil and gas development has been key to its growth in recent years, especially for its Midland operation.
Kanczuzewski said senior management at PolyPipe will continue with the business, which will operate under the PolyPipe name for the U.S. pressure-pipe market.
“They will play key roles in the entity going forward,” Kanczuzewski said.
Dura-Line also runs two plants in Mexico, one in the Czech Republic, three in India and one in Oman. The company was formerly called A-D Technologies. It was acquired early this year by CHS Capital of Chicago. Early last year A-D Technologies bought BoreFlex Industries Inc. of Mountain Grove.