Tigre Group, a Brazilian multinational producer of solutions for construction and water care, acquired Dura Plastic Products Inc.
The acquisition was made by Tigre USA, Janesville, Wisconsin, 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.
Dura Plastic has two production units, one in California and the other in Tennessee, and six company-run distribution centers throughout the United States. Dura Plastic offers solutions for residential irrigation, plumbing, golf, pool and spa as well as drainage segments.
“The acquisition of this company accelerates our goal of serving the market with a high-quality and an even more comprehensive portfolio,” says Vicente Smith Amunategui, executive director of international business at Tigre Group. “Dura Plastic Products Inc has more than 50 years in the American market, with an impressive track record in building reliable and innovative solutions for the construction and irrigation sectors.”
“This type of transaction has always been in the plan,” says Hardy Rost, vice president of Dura Plastics. “The timing was right, and without further family succession, it was an easy decision when Vicente contacted us. It was important for the Rost family to find a strategic alliance, and in our discussions, it became evident that the core principals and business values were the same.”