Low & Bonar acquires geosynthetic products maker Texiplast
September 06, 2013 - United Kingdom
Low & Bonar, the international performance materials group is pleased to announce that it has agreed to acquire Texiplast.
Texiplast is a Slovakian producer of high strength geosynthetic products serving the civil engineering market.
The approximate net cash payment is €18.9m (£16.0m) on a debt-free basis.
About Low & Bonar:
Low & Bonar PLC is an international group manufacturing and supplying a wide range of products to the Performance Materials industry. This is a global business, supplying yarns, fabrics and fibres to a broad range of end markets including civil engineering, building products, transport, sports & leisure, agriculture and other industrial applications.