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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