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Tigre Group, a Brazilian multinational leader in solutions for construction and water care, has announced the acquisition of Dura Plastic Products Inc., a North American family-owned business.
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.
With two production units, one in California and the other in Tennessee, and six company-run distribution centers strategically placed throughout the United State, Dura Plastics has earned a stellar reputation as a profitable, customer-focused company. Together, Dura and Tigre are among the largest in the sector in the country.
Product portfolios that are complementary, the diversity of market segments and cultural similarity between the companies, are said to be the pillars on which new opportunities for customers and professionals of both companies will be built. 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. 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,” said Vicente Smith Amunategui, executive director of international business at Tigre Group.
According to Amunategui, Tigre will have the opportunity to meet a very solid, stable, and well-distributed customer base in the US territory. "We want to demonstrate our willingness to continue delivering solutions to the market with value proposals that present growth possibilities for our representatives and customers," he said.
“This type of transaction has always been in the plan. 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,” added Hardy Rost, vice president of Dura Plastics.