Castle Harlan buys landscape erosion control firm Tensar

By Catherine Kavanaugh
Staff Reporter

Published: July 30, 2014 3:46 pm ET
Updated: July 30, 2014 3:53 pm ET

Image By: Tensar Corp. Tensar Corp. makes mats, rolls and films used to control erosion.

Related to this story

Topics Mergers & Acquisitions, United States

Private equity group Castle Harlan inc. has acquired Atlanta-based Tensar Corp., with plans for the geosynthetic products maker and its subsidiaries to adhere to their core business of stabilizing civil infrastructure.

Tensar products are used worldwide to improve soil and pavement conditions. Made mostly of polypropylene or high density polyethylene, the products are sold in rolls, sheets and grid forms to reinforce landfill liners, asphalt roads, building foundations and mine roofs as well as prevent erosion of bridge embankments and coasts.

Most recently, Tensar positioned itself to grow in the northeastern United States. The company signed a distribution contract with ACF Environmental Inc. of Richmond, Va., in June. Tensar expects to pick up customers in the construction industry in Maryland and Delaware as the populations there grow and put more demands on transportation.

Tensar and its business units, which include Geopier Foundation Co. and North American Green, had been owned by Arcapita Inc., another investment group, since 2005. Terms of the sale to Castle Harlan were not disclosed.

 Don Meltzer, Tensar president and CEO, pointed out some advantages of the latest acquisition.

“Castle Harlan’s confidence in us is a testament to our market leadership and the company’s tremendous prospects for growth,” Melzer said in a news release. “This transaction brings with it in Castle Harlan a true partner who understands the value Tensar brings.”

Based in New York, Castle Harlan is a middle-market private equity firm that was founded in 1987. The firm tries to partner with management teams of companies that have strong market positions, competitive advantages and opportunity to grow. It participates in eight private equity funds totaling $6 billion in capital commitments.


Comments

Castle Harlan buys landscape erosion control firm Tensar

By Catherine Kavanaugh
Staff Reporter

Published: July 30, 2014 3:46 pm ET
Updated: July 30, 2014 3:53 pm ET

Post Your Comments


Back to story


More stories

Image

Visteon in talks to sell its stake in Halla Visteon Climate Control JV

November 26, 2014 9:07 am ET

Visteon Corp. confirmed this morning that it is in discussions with a private equity firm to sell its stake in South Korean joint venture Halla...    More

Image

Deal adds U.K. plant to DelStar

November 25, 2014 12:47 pm ET

Schweitzer-Mauduit International Inc. (SWM) is acquiring certain assets from the advanced wound management division of London-based Smith & Nephew...    More

Plastics workers nab suspected drug dealer

November 24, 2014 3:46 pm ET

A scene from a 1980s cop show played out in the parking lot of a Cleveland-area plastics firm on Nov. 11, as two employees helped police capture an...    More

Image

Onex buying packaging group SIG Combibloc

November 24, 2014 9:05 am ET

ex Corp. will buy SIG Combibloc Group, the Switzerland-based manufacturer of aseptic carton packaging and plastics closures from New Zealand's Rank...    More

Image

AMA Plastics adds presses, changes management structure

November 24, 2014 3:57 pm ET

AMA Plastics Inc. has strengthened its management structure, received recognition for entrepreneurship, achieved quality improvements and added three ...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events