BontexGeo Group attracts new growth capital from Waterland

Zele, 24/9/2021 – Nimbus has transferred her stake in BontexGeo Group, a specialized developer, manufacturer and seller of geosynthetic products, to Waterland Private Equity.

The BontexGeo Group, headquartered in Zele (Belgium), manufactures technical textiles for over 30 years, previously as part of the Low & Bonar Group and since 2019 on a stand-alone basis.  The BontexGeo Group generates roughly € 100m revenues with production sites in Belgium, Hungary, France, Switzerland and the UK, from where it distributes its products across Europe. The Group employs over 300 people.

The existing management team, led by Managing Director Rob Van der Valk, stays on board to support the growth in the coming years. Nimbus, which took over the group in 2019, will be replaced by Waterland as a shareholder. Waterland will provide additional financial resources as well as strategic support. Moreover, the BontexGeo Group aims to explore further acquisitions with the support of Waterland following the three recent acquisitions in France, Switzerland and the UK which it successfully closed over the last 12 months under ownership of Nimbus.

Rob Van der Valk, Managing Director: “Nimbus has been an excellent partner to support the successful carve-out from the Low & Bonar Group and the realization and integration of the three recent acquisitions. We have a strong ambition to further strengthen our position in the European market, to expand our capacity and to get even closer to our customer. We have attracted Waterland as a new partner to actively support us in reaching these ambitions.”

Alexander de Haas, Partner at Nimbus: “Following the carve-out of the BontexGeo Group from Low & Bonar in 2019, the BontexGeo Group has managed to realize a strong growth trajectory on a stand-alone basis, both in revenue and profitability, with strong focus and entrepreneurship. Through its three recent acquisitions the Group has further strengthened its position in the European market and is ready to enter a new growth phase. We are convinced that Waterland is the perfect partner to realize this next growth phase together with the group and its management team.”

Nicolas D’heygere, Partner at Waterland: “Our investment in BontexGeo perfectly fits our strategy to invest in growing and proven companies who have the ambition to obtain a leading position in their market. We look forward to supporting the group in its further growth strategy.”

About the BontexGeo Group

The BontexGeo Group (www.bontexgeo.com) 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. Main applications of its products include erosion control for coastal protection, railway and road construction, membrane protection in landfills and drainage systems.

About Nimbus

Nimbus (www.nimbus.com) is a private investment company and has been operating for over 20 years. From the start Nimbus successfully stuck to the concept of “hands-on investing” because it enjoys – and most companies require – a commitment that goes far beyond pure deal-making and financial investment alone. Nimbus typically invests in companies that are at crossroads in their development, often in situations similar to BontexGeo, in which companies are ready for the next (international) growth phase.

About Waterland

Waterland (www.waterland.nu) is an independent pan-European investment company that assists entrepreneurs in realizing their growth ambitions. With substantial financial resources and specific market knowledge, Waterland enables its portfolio companies to grow both organically and through acquisitions. In doing so, Waterland actively supports the companies on a financial, strategic and operational level. Waterland has 11 offices in 9 European countries and currently manages committed assets of more than € 8 billion.

For further information:

Rob van der Valk, Managing Director BontexGeo, +31 6 53 33 65 65
bontexgeo.com

Operation Clean Sweep – Objective: Zero pellet loss

It is with pleasure that we can announce that BontexGeo has signed the pledge of Operation Clean Sweep (OCS) as a commitment to prevent the loss of plastic pellets into the environment. Operation Clean Sweep is an international program specifically designed to prevent such losses. Within Europe, OCS is supported by several national plastics associations and has been implemented by numerous European companies and associations along the plastics value chain.

Part of Operation Clean Sweep

Accidental loss of plastic pellets, flakes and powder can occur along the entire plastics value chain, from resin producers and converters, to transporters and recyclers. If spilled, these materials may be washed into nearby terrestrial environments or down storm drains and into waterways and oceans, with severe environmental impacts. The OCS program, with its various tools and manual, provides guidelines for our company to prevent pellet, flake and powder loss by adopting effective measures suitable for different needs.

“We are excited to become part of the successful Operation Clean Sweep initiative” said Rob van der Valk, Managing Director of BontexGeo. “We urge all of our employees who handle industrial plastic materials to pursue zero loss into the environment. We produce products that have a positive impact on the environment, studies have shown that the use of geosynthetics in construction leads to significantly reduced energy demand and greenhouse gas emissions. Operation Clean Sweep helps us to emphasize our commitment to producing these products in the best possible way and with respect to our environment.”

If you would like to find out more about our actions and initiatives towards the environment, you can read about it here or reach out to us at info@bontexgeo.com.

BontexGeo, a Nimbus portfolio company, acquires ABG

Zele, 05/05/2021 – The BontexGeo Group, a European industry leader in the production and sale of geotextiles for civil engineering applications, has agreed on the acquisition of 100 % of the shares of the West Yorkshire (UK) based company ABG Ltd, specialized in the development and sale of geosynthetic systems with a market leading position in the United Kingdom.

Through this acquisition, which was completed on 23 April 2021, BontexGeo will reinforce its position on the important UK market.

ABG Ltd is a market leader in the design, development, manufacture and technical support of high performance geosynthetic systems for use in a wide range of civil engineering, environmental and sustainable building projects. ABG is located in Meltham, situated between Manchester and Leeds.

This acquisition allows us to strengthen our position in the UK market and reinforces our commitment to invest in growth opportunities following the carve-out from Low & Bonar plc.” explains Rob van der Valk, Managing Director of BontexGeo. “The portfolio and expertise of ABG allow us to continue to build on our success of the last years.”

ABG will remain operational under the same name, as part of the BontexGeo Group. Mr. Alan Bamforth, the managing director of ABG, will remain in his current position to further manage the company together with his team.

We look forward to our future as part of the BontexGeo Group” says Alan Bamforth, managing director of ABG. “ABG has been working with BontexGeo for a long time and this step will provide opportunities on both sides to benefit even more from each other’s expertise and experience.

About the BontexGeo Group

BontexGeo is one of the leading suppliers of geotextiles with manufacturing locations and sales offices in Europe. The company is selling into more than 60 countries worldwide. Bontexgeo has a long history, dating back to 1925, in the development and production of technical textiles and has a proven track record of over 30 years in the production and supply of geotextiles. Bontexgeo and its subsidiaries develop, produce and sell high quality geosynthetics and specialty products for the broad construction industry, which help our customers to be successful in their projects. Typical applications include erosion control in coastal protection, road and railway construction projects, membrane protection in landfills and drainage systems.

About ABG

ABG is a market leader in the design, development, manufacture and technical support of high performance geosynthetic systems for use in a wide range of civil engineering, environmental and sustainable building projects. ABG is based in Meltham which is in the heart of the West Yorkshire Pennines in the UK. Formed in 1988, ABG has developed a reputation for innovation to develop high quality geosynthetics, while delivering outstanding project support and customer service.

For further information:

Rob van der Valk, Managing Director BontexGeo, +31 6 53 33 65 65
bontexgeo.com

BontexGeo acquires Stratex

Zele, 24/2/2021 – The BontexGeo Group, a European industry leader in the production and sale of geotextiles for civil engineering applications, has agreed on the acquisition of 100 % of the shares of the Swiss based company Stratex SA, specialized in the sale of geosynthetic and building products with a strong market position in Switzerland.

Through this acquisition, which was completed on 17 February 2021, BontexGeo will confirm its leading position in the market of geosynthetics and will further expand its product offering.

“This acquisition is a next step on our path of growth and to reinforce our position in the market,” explains Rob van der Valk, Managing Director of BontexGeo. “Since the BontexGeo Group became independent in 2019, we have been dedicated to confirm our reputation as a market leader in geotextiles and find ways to explore new markets. The broad product portfolio, expertise and network of Stratex enable both.”

Stratex SA is an established player on the Swiss geosynthetic and building market, serving the market for over 20 years with their range of products and high quality service. The range includes bituminous products, geotextiles, drainage and erosion control products and others. Stratex serves their customers from their offices in Delémont, where the extensive warehouse and proprietary logistic service is also located.

Stratex will remain operational under the same name, as part of the BontexGeo Group. Mr. Philippe Kiener, the President of Stratex, will remain in his current position to further manage the company together with his team.

“We look forward to the cooperation with BontexGeo,” says Philippe Kiener, president of Stratex. “This transaction will provide Stratex the benefits of being part of a larger European group. Stratex, on the other hand, has some specific products that offer some new possibilities for BontexGeo.”

About the BontexGeo Group

BontexGeo is one of the leading suppliers of geotextiles with manufacturing locations in Europe. The company is selling into more than 60 countries worldwide. Bontexgeo has a long history, dating back to 1925, in the development and production of technical textiles and has a proven track record of over 30 years in the production and supply of geotextiles. Bontexgeo develops, produces and sells high quality nonwovens and wovens made from different polymers, which help our customers to be successful in their projects. Typical applications include erosion control in coastal protection, road and railway construction projects, membrane protection in landfills and drainage systems.

About Stratex

Stratex is a company that is specialized in the sale of high-end specialty products for the construction industry, such as road construction, buildings and tunnels, landfills and environmental projects. The technical team and partners provide expertise and service to the customers, while the in-house logistics service provides optimal delivery.  Stratex has been active in the Swiss market for over 20 years already. The company is headquartered in Delémont, Switzerland.

For further information:

Rob van der Valk, Managing Director BontexGeo, +31 6 53 33 65 65
bontexgeo.com

Announcement price increase

Zele, 05/02/2021 – Since late last year we have experienced significant increases in the prices of our main raw materials, following oil price increases, tightened supply and grown demand globally. We expect that these high price levels will be maintained in the foreseeable future as well.

These increases have put us in a position where we are no longer able to maintain our current prices. We strive to produce our products in the most efficient way to consistently provide quality products and service. In order to keep these service and quality levels, we now announce price increases.

We look forward to continue working together with our customers to optimally serve the market with the most suitable products. We trust our customers will understand the situation, which is the result of changes in the market that we cannot control.

About the BontexGeo Group

BontexGeo is one of the leading suppliers of geotextiles with manufacturing locations in Europe. The company is selling into more than 60 countries worldwide. Bontexgeo has a long history, dating back to 1925, in the development and production of technical textiles and has a proven track record of over 30 years in the production and supply of geotextiles. Bontexgeo develops, produces and sells high quality nonwovens and wovens made from different polymers, which help our customers to be successful in their projects. Typical applications include erosion control in coastal protection, road and railway construction projects, membrane protection in landfills and drainage systems.

For further information:

Rob van der Valk, Managing Director
Ronald Janssen, Head of Sales
Tomáš Šišpera, Head of Sales

bontexgeo.com

BontexGeo acquires Terageos


Zele, 13/01/2021 – The BontexGeo Group, a European industry leader in the production and sale of geotextiles for civil engineering applications, has agreed on the acquisition of 100 % of the shares of the French based company Terageos SA, specialized in the production and sale of geosynthetic solutions with a strong market position in France.

Through this acquisition, which was completed at the end of December 2020, BontexGeo aims to further grow its business and strengthens its presence in France, an important geosynthetic market in Europe.

“This acquisition allows us to form a stronger company with a wider product portfolio to better serve our customers,” explains Rob van der Valk, Managing Director of BontexGeo. “Since the BontexGeo Group became an independent in 2019, we were dedicated to grow the company and confirm our reputation as a market leader in geotextiles. The acquisition of Terageos enables both and additionally provides us a significantly increased presence in the French market, through the established commercial network of Terageos.”

Terageos SA is an important player on the French geosynthetic market, with their composite products and as distributor of other geosynthetic products. As such, Terageos is also a long-standing partner of BontexGeo for the distribution of the Bontec range of geotextiles in France.

Terageos will remain operational under the same name, as part of the BontexGeo Group. Mr. Patrick Brochier, the President of Terageos, will remain in his current position to further manage the company together with his team.

“Bontexgeo has always been one of the main partners of Terageos,” says Patrick Brochier, president of Terageos. “This transaction will allow our companies to work together even more closely and benefit from the expertise present in both companies. Our manufacturing capabilities and products also complement the current BontexGeo portfolio to allow an improved service and offering to the market.”

About the BontexGeo Group

BontexGeo is one of the leading suppliers of geotextiles with manufacturing locations in Europe. The company is selling into more than 60 countries worldwide. Bontexgeo has a long history, dating back to 1925, in the development and production of technical textiles and has a proven track record of over 30 years in the production and supply of geotextiles. Bontexgeo develops, produces and sells high quality nonwovens and wovens made from different polymers, which help our customers to be successful in their projects. Typical applications include erosion control in coastal protection, road and railway construction projects, membrane protection in landfills and drainage systems.

About Terageos

Terageos is a company that is specialized in the design, production and sale of high-end specialty geosynthetic products for use in construction and environmental projects. The geocomposite products have proven performance as drainage components, providing erosion control, water proofing and more. Terageos has an extensive commercial network in France for the distribution of its products. Terageos was established in 1994 in France and is headquartered in Veurey Voroize, France.

For further information:

Rob van der Valk, Managing Director BontexGeo, +31 6 53 33 65 65
bontexgeo.com


Version française

BontexGeo reprend Terageos

Zele, 13/01/2021 – La groupe Bontexgeo, un des leaders dans la production et la commercialisation de géotextile à destination du génie civil, a conclu un accord en vue de l’acquisition de 100% des actions de la société Française Terageos SA, spécialisée dans la production et la vente des géosynthétiques et qui dispose d’une importante part du marché en France.

Par cette acquisition, qui a été conclue à la fin du mois de décembre 2020, Bontexgeo vise à accroître sa présence en France, qui constitue un marché important sur le plan Européen.

« Cette acquisition nous permet de devenir une entreprise plus forte avec une gamme de produits plus large, nous permettant de mieux servir nos clients », selon Rob van der Valk, Managing Director de Bontexgeo. « Depuis que le groupe Bontexgeo est devenu indépendant en 2019, nous nous efforçons de faire croître la société et d’affirmer notre réputation de leader sur le marché des Géotextiles. L’acquisition de Terageos s’inscrit dans ces deux objectifs, et permet par ailleurs de croître de manière significative sur le marché Français grâce au réseau commercial de Terageos. »

Terageos SA est un acteur important sur le marché Français des géosynthétiques avec leurs produits composites et en tant que distributeur d’autres produits géosynthétiques. A ce titre, Terageos est depuis longtemps partenaire de Bontexgeo pour la distribution de ses produits géotextiles « Bontec » en France.

Terageos poursuivra son activité sous le même nom en tant que membre du groupe Bontexgeo. Mr Patrick Brocher, Président de Terageos, conservera sa fonction actuelle afin de poursuivre la gestion avec les équipes en place.

« Bontexgeo est un des principaux partenaires de Terageos », selon Patrick Brocher, Président de Terageos. « Cette transaction va permettre à nos deux sociétés de collaborer encore plus étroitement et de bénéficier de l’expérience de chacune des deux sociétés. Nos capacités de production et nos produits complèteront aussi la gamme actuelle de Bontexgeo  et permettront d’accroître notre offre et service. »

Présentation de la groupe BontexGeo

BontexGeo est l’un des principaux fournisseurs de géotextiles, disposant de capacité de production en Europe. Ses produits sont commercialisés dans 60 pays sur tous les continents. Bontexgeo dispose depuis 1925 d’une longue expérience dans le développement et la production de textiles techniques, et, depuis plus de 30 ans, plus particulièrement dans celle de géotextile. Bontexgeo développe, produit et commercialise des tissés et non-tissés, réalisés à partir de différents polymères, contribuant au succès des projets de ses clients. On dénombre parmi les applications, le contrôle des protections côtières, des projets routiers ou ferroviaires, des protections de sol et des systèmes de drainage.

Présentation de Terageos

Terageos est une société spécialisée dans l’étude, la production et la vente de produits spécifiques dans le domaine des géosynthétiques pour des projets de construction ou environnementaux. Les produits géocomposites ont fait leurs preuves dans le domaine du drainage, ainsi que dans celui de l’érosion, l’étanchéité, et autres. Terageos dispose d’un important réseau commercial en France afin d’assurer la distribution de ses produits . Terageos fut constituée en 1994 en France et a son siège social à Veurey Voroize, France.

Pour plus d’information:

Rob van der Valk, Managing Director BontexGeo, +31 6 53 33 65 65
bontexgeo.com

COVID-19 Information statement

Given the recent developments concerning COVID-19, we want to make sure you are informed about our approach and how this may impact our relation.

PRODUCTION & SUPPLY

Our production and supply currently remains unaffected by COVID-19 and we see no risk of supply in the near future. Of course, we can not control how this situation evolves. If we would identify any factors that might adversely influence our supply in any way, we will get in touch with you to decide on the best way to handle this.

ORGANISATION, MEETINGS & CONTACTS

Following the recent outbreak and spread of the COVID-19 disease, we have taken measures to handle this new situation and to make sure that an impact on our production and supply is avoided or kept to the absolute minimum.

  • We closely monitor national and international advice and rules to avoid the further spreading of the disease.
  • We have stopped international travel of our staff. Instead, we encourage our staff to make use of the available digital meeting tools as an alternative.
  • We cancelled attendance to or postponed events where a lot of people gather.
  • If possible, we let employees work from home. Of course, everyone remains available as usual.

When considering travel to or meetings with customers, we will also take into consideration any rules that may apply at the customer’s company.

All aspects considered, things remain business as usual. We are only organizing ourselves in a different way to make sure that our service remains unaffected and our staff remains healthy.

We hope this statement contains an answer to concerns you might have with COVID-19 in relationship to our collaboration, Of course, we remain at your disposal for any additional questions you may have.

Stay healthy!

New Ownership – New Name

On 3 September 2019 Low & Bonar PLC has announced that it has completed the sale of their civil engineering business, which includes the production facilities in Belgium and Hungary, to Nimbus, a Netherlands based private equity fund. This sale is in line with the  strategy announced on July 11, 2018 to dispose of the civil engineering division in order to simplify their portfolio and improve their debt position.

Nimbus currently has around 35 companies in its portfolio spread across Europe. The companies in the portfolio are almost exclusively manufacturing companies, and all have in common that they have an established market position. Nimbus consists of a team of hands-on investors who bring capital, vision and inspiration to our company so that we can aspire higher goals and look forward to a bright future. This change of ownership will also enable us to improve our service levels and make further investments.

The sale does not affect current agreements or engagements. We will continue to operate from the same production locations and offices in Belgium and Hungary. Any contacts, current conditions, quotes and estimates will remain the same. Additionally our service levels and our commitment to our customers will continue as before. On top of that, our products and brand names remain unchanged.  Do not hesitate to get in touch with us if you have questions concerning this change. A new future calls for a new company name. We are pleased to announce our new company name and logo:

Bontexgeo Logo

Below, you can find an overview of our company details and what has changed or remains unchanged. May we ask you to update or add our company details in your files.

table overview of what changes and what remains the same with our new name.

We welcome you to Bontexgeo and look forward to continue working with you !