Quebec-based Solmax acquires TenCate Geosynthetics

摘要

Groupe Solmax Inc., a Varennes, Que.-based manufacturer of polyethylene 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 [the companies'] products' use in civil engineering, road infrastructure, hydraulic, and environmental works," Jean-Louis Vangeluwe, president of Solmax, 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."