Bonar acquires geosynthetics specialist Texiplast

Bonar has acquired the Slovakian company Texiplast a.s. (formerly known as the Geosynthetics division of Kordarna) effective as of September 6th 2013. Texiplast produces an extensive range of woven and knitted geosynthetic products, used for the construction and maintenance of retaining walls, landfills, roads, highways, airports and railways. This company is mainly active in Central European and former Soviet markets, but also has an established customer base in South America, Africa and Australia. The company is located in Ivanka pri Nitre (about 90 km from Slovakia capital Bratislava) and employs 77 people. The Texiplast product portfolio extends the existing Bonar geosynthetics product range with high tenacity products in the reinforcement segment.

Managing Director Orwig Speltdoorn: “The acquisition of Texiplast perfectly fits our Civil strategy. With its strong presence in the fast growing Eastern European market, and its extensive Geosynthetics range, Texiplast will enlarge and strengthen our product offering and position in the global Civil market.”