Mexican Company Mexichem Completes Acquisition of Alphagary

Mexichem Completes Acquisition of Alphagary




10/01/2011 20:05



Mexichem, the largest plastic pipe manufacturer in Latin America and chemicals producer, announced it completed the acquisition of Rockwood Holdings division of compounds.



The business unit that bought the Mexican company called Alphagary and it is a PVC pipe manufacturer serving the construction industry with composite cables and medical applications, among other products, said Mexichem.



"With this acquisition Mexichem, in their chain vinyl chloride, will generate significant synergies through operational efficiencies, use of distribution channels, geographic diversification, vertical integration, development of new products, etc.," he added.



In mid-December, the news agency Bloomberg News reports that Mexichem would pay 300 million dollars per Alphagary.





The division, which has plants in the U.S., Britain and Canada, recorded at September 30, 2010 sales of $ 224.6 million. The statement did not disclose financial details of the transaction. (Common Sense)

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