VM
Tags

multi-productsbanner smartextrusion original

Movacolor20210301 Smart Extrusion banner MCTC software update website 368 x 250px

iNOEX Website Banner Extrusion Mai Juni

New Issue

Ye i 202103 EXI Homepage News Banner 746x90px

Логотип сайта
Solmax, Geosynthetics Manufacturer from Canada, Acquires TenCate Geosynthetics

Solmax, Geosynthetics Manufacturer from Canada, Acquires TenCate Geosynthetics

News 23.04.2021
e947a738c9db4dca6fe3773aac9c5b95

Solmax, Canada-based producer of high-quality polyethylene geomembranes for industrial and environmental applications has reached an agreement with Koninklijke Ten Cate (the Netherlands) on the acquisition of TenCate Geosynthetics, a global provider of geosynthetics and industrial fabrics. Caisse de dépôt et placement du Québec (CDPQ) and Fonds de solidarité FTQ, Solmax's long-term financial partners, are both investing in this transaction.

"This is the joining of two leading companies in their respective segments, recognized globally for the quality of their products and services, bringing their geosynthetic products together under the same roof for the first time. This transaction will increase their products' use in civil engineering, road infrastructure, hydraulic and environmental works," said Jean-Louis Vangeluwe, President of Solmax. "This is a game changer in the history of geosynthetic manufacturers that develop lesser-known engineered products that are essential to protecting the environment and developing infrastructure projects."

"I am highly pleased to position our company alongside Solmax. We both are among the leaders in our respective segments and now we will join together to create a stronger global leader in geosynthetics. The long-term vision of Solmax around sustainability aligns very well with that of TenCate Geosynthetics, and I am energized to lead my team confidently into this new business environment where we can contribute even more value together", said Wally Moore, CEO of TenCate Geosynthetics.

The transaction is expected to close in the second quarter of 2021 and is subject to customary approvals by regulatory authorities.

sm242x60

IPTF242x60

Extrusion-International 242x60

Battenfeld Cincinnati VM Banner 20200526162101

Our website makes use of cookies to ensure we give you the best experience on our website.
By continuing browsing on our website you give your consent to our use of cookies.