Announced
Completed
Financials
Tags
Cross Border
Single Bidder
geosynthetics
Acquisition
Friendly
Majority
Specialty Chemicals
Private
United States
Completed
Synopsis
Solmax, a geosynthetics manufacturer with plants in North America, Europe, Asia, and the Middle East, completed the acquisition of Propex, a geosynthetics manufacturer. Financial terms were not disclosed. "This strategic acquisition enables Solmax to expand its sophisticated geosynthetics product portfolio for the benefit of engineers, distributors, contractors, operators, and others working in the environmental containment and civil infrastructure sectors. As a global leader in the industry, Solmax is accelerating the promotion and awareness of highly technical and specialized geosynthetic solutions, reducing the carbon footprint of conventional building solutions, and mitigating the environmental impact of human activities," Jean-Louis Vangeluwe, Solmax President.
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