Zele, 22/3/2022 – The BontexGeo Group, a European industry leader in the production and sale of geosynthetics for civil engineering applications, has agreed on the acquisition of 100 % of the shares of Minas de Riotinto, Huelva (ES) based company Geotexan S.A., specialized in the production and sale of geosynthetics and fibers with a strong market position in Spain.
Through this acquisition, which was completed on 21 March 2022, BontexGeo improves it geographical presence across Europe.
Geotexan S.A. is a market leading company in Spain, specialized in the development, production and sale of nonwoven geotextiles, other geosynthetics and fibers. It has a leading role in one of the largest countries of Europe with sales reaching into South America. Geotexan SA is located in Minas de Riotinto, Huelva, close to Sevilla.
“This acquisition provides our group the possibility to further establish a strong position throughout Europe and creates a strong gateway into the Iberian Peninsula”, says Rob van der Valk, Managing Director of BontexGeo. “The addition of Geotexan to our Group is in line with our strategy to strengthen and further develop our market-leading position in Europe. Geotexan and its portfolio form a great addition to the BontexGeo group and will allow us to continue to build on the success of both companies.”
“Over the last 18 years we have worked hard to become a key player in Spain and now it is time to take our company to the next level”, says Enrique Figueroa, general manager of Geotexan. “Becoming part of the BontexGeo Group allows us to look towards a future, in which we will have a stronger position and network to continue to grow.”
Geotexan will remain operational under the same name, as part of the BontexGeo Group. Enrique Figueroa will remain in his current position to further manage the company together with his team.
About the BontexGeo Group
The BontexGeo Group is one of the leading suppliers of geosynthetic products with production sites and sales offices throughout Europe. The Group has a long history in the development, production and distribution of technical textiles and can build on more than 30 years of experience in geosynthetic products. BontexGeo and its subsidiaries develop, produce and sell high quality geosynthetics and specialty products for the broad construction industry, which help customers to be successful in their projects. Main applications of its products include erosion control for coastal protection, railway and road construction, membrane protection in landfills and drainage systems.
Geotexan (geotexan.com) is a company dedicated to the manufacture and marketing of geosynthetics: geotextiles, geocomposites, geomembranes, related products and synthetic fibers. Located in Minas de Riotinto, in the province of Huelva, the company started its activities in 2004. During that period, Geotexan has become a key player in Spain. Their commitment to quality has enabled Geotexan to become a reference in Spain, EU and South America.
For further information:
Rob van der Valk, Managing Director BontexGeo, +31 6 53 33 65 65