Freedonia Analyst Comments on Solmax's Pending Acquisition o

Freedonia Analyst Comments on Solmax's Pending Acquisition of Tencate Geosynthetics, Combining Two Leaders in the Global Geosynthetics Industry


Freedonia Analyst Comments on Solmax's Pending Acquisition of Tencate Geosynthetics, Combining Two Leaders in the Global Geosynthetics Industry
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CLEVELAND, April 23, 2021 /PRNewswire/ -- On April 7, 2021 Solmax – the Canada-based leading global supplier of geosynthetics – announced that it had agreed to acquire Tencate Geosynthetics, a unit of Koninklijke Ten Cate (the Netherlands) and a top-five global supplier of geosynthetics. The transaction is expected to be completed in the second quarter of 2021, pending regulatory and other approvals.
According to The Freedonia Group Analyst Nick Cunningham, "The motivation behind Solmax's big purchase is easy to understand, as it allows the company to significantly expand its production capacity, sales presence, research operations, and more by taking over such a big player in geosynthetics.  This move will significantly expand the variety of geosynthetics products provided by Solmax, which in the past has focused primarily on geomembranes." 

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