Jun 03, 2021
Montréal – Global geosynthetics manufacturer Solmax has concluded the acquisition of TenCate Geo-synthetics. With this transaction, the global reach, innovation capabilities, and specialties of two recognized geosynthet-ics frontrunners combine to create the world’s leading geosynthetics solutions provider.
“Solmax is already the global leader in the development, manufacture, and provision of high-quality polyethylene ge-omembranes for containment in industrial and environmental applications. Now, with the addition of TenCate’s geosyn-thetics, industrial fabrics, and manufacturing plants, we have unmatched breadth of scope, scale, and reach,” says Jean-Louis Vangeluwe, President of Solmax. “Together, we create a better, stronger, faster Solmax positioning ourselves well to accelerate our vision of driving higher standards, stimulating innovation, and leading the geosynthetics industry forward.”
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
Solmax, the world s leading geosynthetics manufacturer, acquires TenCate Geosynthetics
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MONTRÉAL, April 7, 2021 /PRNewswire/ - Solmax, the global leader in the production of high-quality polyethylene geomembranes for industrial and environmental applications today announces it 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, that are bringing their geosynthetic products together under the same roof for the first time. This transaction will increase their products use in civil engineering, road infrastr