In March 2022, The BontexGeo Group was able to acquire Geotexan S.A., a large geosynthetics and fiber-producing and selling company. The strategic move would significantly enhance BontexGeo's market share in Spain, making the company a leading player in the geotextile industry. Geotexan’s technical expertise and established customer base in the Spanish market will be complemented by BontexGeo's global client base, with additional access to the main sectors such as construction, environmental management, and infrastructure development. Geotexan's proprietary technology and product lines will be combined to enhance BontexGeo's capacity to deliver high-quality geosynthetic solutions to enhance sustainable and efficient engineering practices in Europe. The acquisition is expected to spur growth and increase BontexGeo's competitiveness in the geotextile market.
In June 2021, Core & Main LP, a leading worldwide distributor of water, wastewater, fire protection products and supplies, storm drain materials, and related products, finalized a binding agreement to acquire substantially all L&M Bag & Supply Co., Inc.'s assets. L&M manufactures geosynthetics and geotextiles, in the form of erosion control products. The transaction expands Core & Main's erosion management ability internationally such that the company can diversify its product offerings and be able to offer innovative solutions for soil erosion. Core & Main will be positioned to undertake more diversified environmental and infrastructure projects with L&M's existing capability and niche product line expansion such that it can become a market leader in the geosynthetics industry.
In February 2021, the BontexGeo Group, the European leader in the development and distribution of geotextiles for civil engineering applications, announced the acquisition of all the share capital of Stratex SA. Stratex, a Swiss company, is engaged in the promotion of geosynthetic and construction materials and has a good market share in Switzerland. This acquisition allows BontexGeo to consolidate its presence in the Swiss market as well as in the geosynthetics market and create new opportunities. With Stratex's proven network and geosynthetic product strength added to it, BontexGeo is also strengthened to offer innovative solutions in civil engineering construction, infrastructure, and environmental engineering. This transaction places the company on the road to broader expansion in the international geosynthetics market.
In October 2020, Visy and Geofabrics partnered to minimize the amount of plastic waste that goes to landfill. Famous for manufacturing plastic bottles out of food-grade Recycled PET (rPET), Visy committed to providing Geofabrics with rPET that is unable to be recycled in the bottle-to-bottle format. Australia’s road, rail, and mining industries will be utilizing the sustainable geotextiles that Geofabrics is making from this rPET. In addition to keeping plastic waste from landfills, our collaboration spurs the use of sustainable materials for large-scale infrastructure projects. By supplying industries with alternative solutions that require more sustainable alternatives, the collaboration shatters both companies' pledge to sustainability.
The geotextile industry was valued USD 7.03 billion in 2022 and is forecasted to rise to USD 12.03 billion in 2030. The key driving force of this surge is the expanding demand for sustainable materials in infrastructural development, particularly in activities related to urbanization and road development.
Due to rapid urbanization and enormous infrastructure outlays, particularly in countries such as India with an extensive network of roads that are still being built, place the Asia Pacific region at the forefront in this regard. Business expansion, though, can be slowed by the very high up-front cost of geotextiles. That said, higher innovations and collaborations in the industry are expected to alleviate these concerns and offer sound market growth.
Sources: Company: BontexGeo.com
Company: Visy.com
News outlet: PR Newswire
Contact Us