M&A Deal Summary

Orbia Advance Acquires Dura-Line Holdings

On August 18, 2014, Orbia Advance acquired plastics company Dura-Line Holdings from CHS Capital for 630M USD

Acquisition Highlights
  • This is Orbia Advance’s 3rd transaction in the Plastics sector.
  • This is Orbia Advance’s 2nd largest (disclosed) transaction.
  • This is Orbia Advance’s 3rd transaction in the United States.
  • This is Orbia Advance’s 1st transaction in Texas.

M&A Deal Summary

Date 2014-08-18
Target Dura-Line Holdings
Sector Plastics
Buyer(s) Orbia Advance
Sellers(s) CHS Capital
Deal Type Add-on Acquisition
Deal Value 630M USD
Advisor(s) Lincoln International (Financial)

Target

Dura-Line Holdings

Knoxville, Texas, United States
website
Dura-Line Holdings, Inc. is a manufacturer and distributor of communication and energy infrastructure plastic products and systems including conduit, cable-in-conduit, pipe, and accessories.

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Buyer(S) 1

Buyer

Orbia Advance

Mexico City, Mexico

website


Category Company
Founded 1953
Sector Chemicals
Employees24,076
Revenue 8.8B USD (2021)
DESCRIPTION

Orbia Advance Corporation, is a provider of products and solutions across multiple sectors from petrochemical to construction, infrastructure, agriculture, healthcare, transportation, telecom and energy, among others. Company is a producers of plastic pipes and connections worldwide and one of the largest chemical and petrochemical companies in Latin America. Orbia Advance Corporation, was founded in 1953 and is based in Mexico City, Mexico.


DEAL STATS #
Overall 16 of 20
Sector (Plastics) 3 of 4
Type (Add-on Acquisition) 8 of 12
State (Texas) 1 of 1
Country (United States) 3 of 4
Year (2014) 2 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-05 VESTOLIT

Marl, Germany

VESTOLIT GmbH is a manufacturer of High Impact Suspension PVC (HIS-PVC) for weather-resistant windows and is Europe’s second-largest producers of paste PVC for floors and wallpapers. VESTOLIT also produces alkyl-chlorides, a value-added intermediary used for a variety of chemical and industrial applications.

Buy €219M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-26 Gravenhurst Plastics

Gravenhurst, Ontario, Canada

Gravenhurst Plastics Ltd. is a plastics pipe and tubing manufacturer. Gravenhurst Plastics Ltd. was established in 1968 and is headquartered in Gravenhurst, Ontario.

Buy -

Seller(S) 1

SELLER

CHS Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1988
PE ASSETS 2.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CHS Capital (formerly Code Hennessy & Simmons) is a large private equity firm that targets US based company investments in a variety of sectors. CHS will consider both control and non-control positions in businesses with proven management and strong growth potential. Broad sectors of interest include business services, consumer services, consumer products, distribution, industrial products and infrastructure. The Firm looks for businesses valued from $75 to $300 million. CHS will not invest in venture opportunities or turnaround situations. CHS was formed in 1988 and is based in Chicago, Illinois.


DEAL STATS #
Overall 40 of 46
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 8 of 9
State (Texas) 5 of 5
Country (United States) 40 of 46
Year (2014) 3 of 4
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-24 LVI Services

New York City, New York, United States

LVI Services, Inc. is a provider of cost-effective, schedule-efficient, high quality environmental remediation and facility services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-26 Acton Mobile Industries

Baltimore, Maryland, United States

Acton Mobile Industries is a provider of modular space rental services. Acton maintains a fleet of over 10,000 modular units through 17 branches in 11 states. Acton provides leasing and related ancillary services such as site preparation, delivery, installation and maintenance.

Sell -