Mexichem recently acquired Gravenhurst Plastics Ltd. (GPL) in a deal the company says furthers its “global growth model with bolt-on acquisitions in value-added specialty products.” GPL, a privately held plastics pipe manufacturer, is based in Gravenhurst, Ontario, Canada with an additional location in Temiskaming, Ontario. The company supplies high-density polyethylene (HDPE) conduit and innerduct for fiber optics as well as building supply products to the Canadian market. A multi-duct innerduct from GPL is shown on this page. GPL had $15 million in revenues in 2015.
Mexichem said it will consolidate GPL under the Fluent Business Group and will upgrade GPL’s facilities. “Our Fluent Business Group with high-tech Dura-Line brand provides a pathway for connectivity via a scalable design to accommodate high-bandwidth demands for the Internet of Things,” the company said in a statement announcing the GPL acquisition. It continued, “Mexichem’s Dura-Line brand is a world leader in HDPE conduit, duct and pressure-pipe solutions for telecom, data communications and infrastructure industries, specializing in facilitating enhanced networks for tier-one communication companies.”
The Fluent Business Group has annual revenues of approximately $3 billion, as of September 2016. “The addition of Gravenhurst will establish a presence for Fluent in Canada and will provide a platform to expand all of Mexichem’s businesses in that country,” Mexichem said.
Paresh Chari, president of Fluent Business Group, commented, “Gravenhurst’s telecommunications products complement Mexichem’s Fluent offerings. Gravenhurst’s longstanding relationships in the Canadian market will enable us to expand Fluent’s international footprint, leveraging world-renowned Dura-Line branded products, while preserving Gravenhurst’s local presence.”
Fluent USA/Canada’s president, Emmanuelle Dubu, added, “We are pleased to partner with Gravenhurst in the evolution of the Canadian datacom business. Gravenhurst’s deep roots and innate understanding of the dynamics of the Canadian market will be invaluable to our shared success.”