Boston-based private equity firm Advent International Corp. has acquired a 25 percent stake in Joinville, Brazil-based Tigre Group with a strategic investment of $262 million (1.35 billion Brazilian reais) to manufacture infrastructure products for the United States and Brazil.The U.S. is a key…
Brazilian pipe maker buys US fittings manufacturer
Together will bring a better portfolio and service to the market
Tigre-USA Inc., a unit of Brazilian pipe maker Tigre Group S.A., has acquired PVC pipe fittings manufacturer Dura Plastic Products Inc.
Dura Plastic has manufacturing operations in Celina, Tenn., and at its headquarters site in Beaumont, Calif., about 25 miles west of Riverside, Calif. Dura injection molds piping components for the residential irrigation, drainage, plumbing, golf, pool and spa markets. It performs in-house mold making, and has warehouses in eight states.
Dura was founded in 1962 by the Rost family. This type of transaction has always been in the plan, Dura Vice President Hardy Rost said in an April 9 news release. The timing was right, and without further family succession, it was an easy decision when [Tigre] contacted us.
Dura Plastic has production units in California and Tennessee, and injection molds PVC pipe fittings. April 13, 2021 Canadian Plastics
Image Credit: Tigre USA
Tigre Group, a Brazilian pipe manufacturer, has acquired U.S.-based PVC piping component maker Dura Plastic Products Inc. through its Tigre-USA Inc. business unit.
The financial terms of the deal have not been disclosed.
Dura Plastic is family-owned and has two production units, one in California and the other in Tennessee, and six company-run distribution centres throughout the U.S. “Together, Dura and Tigre are among the largest in the sector in the country,” Tigre officials said in an April 9 news release.
Tigre USA Acquires North American Company And Stands Out As One Of The Top Manufacturers In Its Sector In The US
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JANESVILLE, Wis., April 9, 2021 /PRNewswire/ Tigre Group, a Brazilian multinational leader in solutions for construction and water care, announces the acquisition of Dura Plastic Products Inc, a North American family-owned business.
Together will bring a better portfolio and service to the market
The acquisition was made by Tigre USA, a company established in the United States for 15 years. Its market presence opened up gradually, with the establishment of a Distribution Center in 2006. The following year, Tigre USA was inaugurated, with a plant in Janesville, Wisconsin. The industrial park was acquired from Vassallo, one of the pioneers in PVC production in the United States.