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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.