Royal Ten Cate NV, the Netherlands, has acquired Austria-based geosynthetics manufacturer Polyfelt
GmbH from Vienna-based OMV Refining & Marketing GmbH for 70 million euros. As a result of the
takeover, Royal Ten Cate expects to become a world leader in geotextiles with a full scope of
products, a vast distribution network and access to the contracts market.
Royal Ten Cate already operates in
the geosynthetics sector in Europe, Asia and the United States through its Ten Cate Nicolon
The takeover, which is expected to be
completed by year-end, will strengthen Ten Cate Nicolon’s position in central and eastern Europe
Royal Ten Cate reported the takeover is an important strategic step in its “buy-and-build”
process in five core areas: protective fabrics; aerospace composites; antiballistic composite
materials; artificial grass; and geosynthetics.