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April 13, 2012
Dura-Line Holdings, Inc. Acquires PolyPipe Holdings, Inc.

Dura-Line Holdings, Inc. (fka A-D Technologies), a portfolio company of Chicago-based CHS Capital™, has completed the acquisition of PolyPipe Holdings, Inc. Dura-Line is a portfolio investment of CHS Private Equity V LP, a $1.3 billion investment fund.

Headquartered in Gainesville, Texas, PolyPipe has strong brand recognition as a leading independent North American manufacturer of pressure-rated, high density polyethylene (HDPE) pipe for diverse infrastructure applications in the energy, natural gas distribution, water/sewer, nuclear power, mining and industrial segments. Dura-Line will integrate PolyPipe into its current U.S. regional operations. The combined company will have 12 manufacturing facilities in the U.S. and 19 worldwide.

Headquartered in Knoxville, Tennessee, Dura-Line is the global leader of HDPE conduit, duct and pressure pipe solutions for telecom, energy and infrastructure-related markets. Dura-Line serves customers in 50 countries and is the exclusive provider for many of the world’s leading telecom companies. For additional information, please visit www.duraline.com.

Paresh Chari, President and CEO of Dura-Line, said, “With its significant market share, national presence and superior products and capabilities, PolyPipe will position us to further strengthen our footprint in the U.S. Together, we will continue to provide our customers with best-in-class service and a versatile product line.”

Dan Hennessy, Partner at CHS Capital, said, “PolyPipe has a 35-year reputation for providing quality products and service, a history of growth and an eminent brand name. We look forward to continuing our growth strategy in the pressure pipe market.”

CHS Capital is a Chicago-based private equity firm with 24 years of experience investing in the middle market. Through partnerships with strong management teams, CHS Capital accelerates earnings growth and drives value creation through human capital enhancements, performance improvement actions and strategic growth initiatives. CHS Capital has made investments in over 360 businesses and invested $2.9 billion of capital. For additional information, please visit . www.chsonline.com.