CLI Statement on Acquisition by Raven Industries

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Following the August 22 official announcement by Raven Industries that it had signed an agreement to acquire Colorado Lining International, CLI President John Heap issued the following statement. (NOTE: Images and links added by Geosynthetica.) CLI STATEMENT ON ACQUISITION Earlier today, Raven Industries signed an asset purchase agreement to acquire substantially all of the assets of Colorado Lini... »

Acquisition News: Raven Industries to Acquire Colorado Lining

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The geosynthetics industry has received some interesting acquisition news: South Dakota-based manufacturer Raven Industries, Inc. (NASDAQ:RAVN) has signed an asset purchase agreement to acquire fabrication, installation, and design-build service provider Colorado Lining International, Inc. The final acquisition will align under Raven’s Engineered Films Division, according to a company statement. R... »

Solmax USA Open and Manufacturing Geomembranes in Houston

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Two months ago, the 35-year-old international geosynthetics company Solmax Inc. announced that would for the first time begin manufacturing geomembranes in the United States. The company had acquired the Houston, Texas assets of the former Brawler Inc. Now, after spending weeks upgrading equipment and instituting its own quality control programs, Solmax USA is officially open for business and manu... »

Competitors to Partners: Western Excelsior Acquires North American Green

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Western Excelsior is celebrating its 40th anniversary in dramatic fashion. The company has entered into an agreement to acquire the 32-year-old company North American Green as of March 31. The move brings together two of the most well known names in erosion and sediment control. Since 2004, North American Green has operated under the Tensar International umbrella. In a release announcing the acqui... »

Solmax Establishes Solmax USA in Houston

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One of the world’s biggest manufacturers of geomembranes, Solmax Inc., is after 35 years of cross-border work establishing a physical presence in the United States. The company has acquired the Houston, Texas assets of the former Brawler Inc. in Houston, Texas. A new company has been incorporated: Solmax USA LLC. “[The facility] must undergo a major upgrade in the months ahead,” writes the company... »

Inland Tarp & Liner Acquires Brawler’s Midland Assets

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Inland Tarp & Liner (ITL®), LLC has revealed news that many in the geosynthetics manufacturing sector had been looking for: an acquisition involving Brawler Industries. Inland released a notice that it had acquired the “physical assets and equipment of Brawler Industries and Brawler Environmental Containment located at Midland, Texas.” The company entered the acquisition carefully, keeping man... »

Hanes Geo Acquires Terrafix in Geosynthetics Growth Move

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As 2017 opens, the first acquisition announced in the industry is that of Terrafix by Hans Geo Components. The geosynthetics growth move combines the Hanes Companies’ distribution network for geotextile and erosion control products with one of Canada’s leading geosynthetics distributors. Hanes Geo is based in Winston-Salem, North Carolina. Terrafix is headquartered in Toronto. GEOSYNTHETICS GROWTH... »

Owens Corning to Acquire Interwrap

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InterWrap, an international manufacturer of geosynthetics and related waterproofing materials, has agreed to an acquisition offer from Owens Corning (NYSE: OC). Both companies have a strong history of material conversion, with synthetics and composites, and a broad presence in construction, commercial and residential development, industrial markets. The US $450 million deal is expected to be compl... »

GAF Acquires ICOPAL Group

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The world’s largest waterproofing and roofing group is forming. GAF, which has an extensive roofing membrane portfolio, has acquired ICOPAL Group, which is globally involved in roofing, waterproofing, and civil engineering. Siplast, manufacturer of the Teranap bituminous geomembrane line, is part of ICOPAL, which also manufactures polyethylene geomembranes. GAF anticipates that the deal will... »

Private Equity Comes Calling for Tencate

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One of the world’s biggest manufacturers of geosynthetics seems set to go private. The multinational Royal Ten Cate NV (AMS:KTC), based in the Netherlands and listed on the NYSE EuroNext exchange, has received a buyout proposal from the private equity group Gilde Buy Out Partners. The deal has quickly received a number of irrevocable agreements and cash has been proven on hand to secure an outrigh... »

Geofabrics Australasia Acquires Maccaferri Australia and NZ

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Geofabrics Australasia has enjoyed a successful partnership with Maccaferri Australia Pty Ltd and Maccaferri New Zealand Ltd. Since 2002, Geofabrics has been the majority shareholder of these enterprises. Now, the companies are growing even closer. Gefabrics has acquired 100% of the shares. The companies have worked very well together across the broad Oceania marketplace, building business in mini... »

INDUSTRY: Heytex Acquires BondCote

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In a January 14 press release, Heytex Group announced its acquisition on BondCote. Heytex is involved in geosynthetics through the industrial side of the market. The company has established lines in flexible tanks, biogas tank covers, and oil booms. BondCote is a 65-year-old textile coating, laminating, and composite specialty company. The industrial market clients may stand to benefit from the fu... »

Sika Explores Options after Surprise Saint-Gobain Takeover Bid

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On December 5, Switzerland-based Sika AG (VTX:SIK), a chemicals specialty company, was surprised by a rival’s takeover bid. France-based Saint-Gobain (EPA:SGO), which has substantial holdings in construction, announced plans to acquire 16% of Sika through purchasing the Burkard family’s ownership stake in Sika; through a unique company ownership structure related to the Burkard’s historical involv... »

Raven Industries Announces Acquisition of Integra Plastics, Inc.

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Sioux Falls, SD (November 3, 2014) — Raven Industries, Inc. (NASDAQ: RAVN) announced today that its Engineered Films Division (EFD) has acquired Integra Plastics, Inc., for approximately $48 million in cash and stock. Headquartered in Madison, SD, privately held Integra specializes in the manufacture and conversion of high-quality plastic film and sheeting. With 12-month sales of more than $35 mil... »

Tensar Corporation Acquired by Castle Harlan

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ATLANTA – Tensar Corporation, the global leader in geosynthetic site development technology, announced today that it has been acquired by Castle Harlan, Inc., a New York-based middlemarket private equity firm. “By inventing and bringing to market superior cost and technically performing soil and pavement stabilization solutions, Tensar Corporation, through its Tensar International Corporatio... »

EC Waste Acquires WM’s Puerto Rico Operations

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NEW YORK and SAN JUAN, Puerto Rico–(BUSINESS WIRE)–A new ownership team led by Post Capital Partners and 30-year waste management industry veteran Randy Jensen has acquired the solid waste operations of Waste Management, Inc. (NYSE:WM) in Puerto Rico. Waste Management will remain an investor in the new company, which is called EC Waste. The transaction also includes landfill and haulin... »

Polymer Group Completes Acquisition of Fiberweb

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CHARLOTTE, N.C. — Polymer Group Inc (PGI) has announced that it has completed its acquisition of Fiberweb plc, a global developer and manufacturer of specialty nonwoven products and materials for a variety of industrial end markets. As a result of the acquisition, PGI is the world’s largest manufacturer of nonwovens. The acquisition of Fiberweb marks a critical step in PGI’s stra... »

Strata Acquires 50% Equity in Geo Solucões, Ltda.

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Cumming, GA, USA – (Oct. 1, 2013) Today, Strata Systems, Inc., a Glen Raven company and manufacturer and marketer of soil reinforcement products, announced its acquisition of 50% of the equity in Geo Solucões Ltda. of Brazil. With offices in Sao Paulo and Rio de Janeiro, Geo Solucões Ltd. is a Brazilian geotechnical solutions company that designs and builds advanced soil reinforcement structures i... »

PGI Increases Offer for Fiberweb

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Reuters has reported that nonwovens giant Polymer Group, Inc. (PGI) has gained stronger support from Fiberweb‘s Board of Directors in PGI’s bid to acquire Fiberweb.  Fiberweb is a major international manufacturer of geotextiles, tree shelters, construction products and more. PGI initially made an offer in August 2013; today’s announced acquisition bid comes after the initial bid ... »

Low & Bonar Acquires Texiplast

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Low & Bonar, an international manufacturer of geosynthetic and other materials, has announced its acquisition of Slovakia-based Texiplast, a reinforcement-specialized geosynthetic materials company. The deal is reportedly worth €18.9m ($25 million) on a debt-free basis. In its release, Low & Bonar highlights Texiplast’s longevity (founded in 1938) and growing position in reinforcemen... »

Sika Makes Offer on AkzoNobel Adhesives Unit

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Sika (www.sika.com) has made a binding offer of CHF 320 million to acquire the Building Adhesives Business of the Dutch company AkzoNobel. With annual sales of CHF 228 million, AkzoNobel Building Adhesives is a top-three player in its core European markets and employs 550 people. With this acquisition, Sika will increase its product offering for interior finishing in the Flooring, Sealing & Bo... »