Solmax has acquired Propex, a US geosynthetics manufacturer with a long track record in construction, transportation, mining, and automotive industries.
The purchase reinforces Solmax’s position as a leading geosynthetics services provider. Solmax’s geosynthetic services are used by industrial firms in mining, energy, waste management, construction, civil engineering, environmental containment and more.
Propex is a geosynthetic manufacturer and low-carbon services provider with a history of innovation, expertise, and service value through many verticals. Both firms share a vision of protecting the environment in a responsible manner.
K&L Gates LLP and Jones Day acted as legal advisors to Solmax. Barclays and TD Securities are acting as joint financial advisors for the Solmax senior credit facilities. Solomon Partners acted as exclusive financial advisor and Stroock acted as legal advisor to Propex.