PE geomembrane maker Solmax acquires TenCate Geosynthetics
Headquartered in the Netherlands, TenCate Geosynthetics is a global provider of geosynthetics and industrial fabrics. April 19, 2021 Canadian Plastics
Photo Credit: Groupe Solmax Inc.
Groupe Solmax Inc., a Varennes, Que.-based manufacturer of polyethylene (PE) geomembranes for industrial and environmental applications, has acquired TenCate Geosynthetics, a provider of geosynthetics and industrial fabrics headquartered in the Netherlands, from Koninklijke Ten Cate.
The financial terms of the deal have not been disclosed.
“This transaction will increase [our] products’ use in civil engineering, road infrastructure, hydraulic and environmental works,” Solmax president Jean-Louis Vangeluwe said in a news release. “The size, capacity for innovation, geographic reach and resources of the new organization will further enhance the better position of geosynthetics as important products in the
Canada-based Solmax acquires TenCate Geosynthetics
Geosynthetic film maker Solmax has purchased TenCate Geosynthetics from Netherlands-based Koninklijke Ten Cate.
Geosynthetics manufacturer Groupe Solmax Inc. has acquired Netherlands-based TenCate Geosynthetics, a supplier of polyethylene geomembranes, from Koninklijke Ten Cate. This transaction will increase [the companies ] products use in civil engineering, road infrastructure, hydraulic and environmental works, Jean-Louis Vangeluwe, president of Solmax, based in Varennes, Quebec, said in an April 7 news release. The size, capacity for innovation, geographic reach and resources of the new organization will further enhance the better position of geosynthetics as important products in the construction sector. 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, Vangeluwe adde