Mexico's Mexichem to pay $630 mln for pipe maker Dura-Line

lunes 18 de agosto de 2014 10:47 GYT

MEXICO CITY Aug 18 (Reuters) - Mexico's Mexichem said on Monday it had reached a deal to pay $630 million to buy Tennessee-based plastic pipe maker Dura-Line Corporation from private equity firm CHS Capital.

The deal is subject to regulatory approval and should be completed within the coming months, the company said in a statement to the Mexican stock exchange.

(Reporting by Michael O'Boyle)