CDPQ and Fonds de solidarité FTQ-backed Solmax to acquire TenCate Geosynthetics from TenCate.

CDPQ and Fonds de solidarité FTQ-backed Solmax, a provider of polyethylene geomembranes for industrial and environmental applications, agreed to acquire TenCate Geosynthetics, a global provider of geosynthetics and industrial fabrics, from TenCate, a geotextiles provider. Financial terms were not disclosed. "I am highly pleased to position our company alongside Solmax. We both are among the leaders in our respective segments and now we will join together to create a stronger global leader in geosynthetics. The long-term vision of Solmax around sustainability aligns very well with that of TenCate Geosynthetics, and I am energized to lead my team confidently into this new business environment where we can contribute even more value together," Wally Moore, TenCate Geosynthetics CEO.