Thanks to this acquisition, finalized on March 21, 2022, BontexGeo strengthens its geographical presence across Europe.
Geotexan SA is a leading company in the Spanish market, specializing in the development, production and sale of nonwoven geotextiles, other geosynthetics and fibers. It plays a leading role in one of the biggest countries in Europe with sales reaching South America. Geotexan SA is located in Minas de Riotinto, Huelva, near Seville.
“This acquisition gives our group the opportunity to establish a strong position across Europe and creates a strong gateway into the Iberian Peninsula,” said Rob van der Valk, CEO of BontexGeo. “The addition of Geotexan to our group is part of our strategy to strengthen and develop our market leadership position in Europe. Geotexan and its portfolio are a great addition to the BontexGeo group and will allow us to continue to build on the success of both companies.
“Over the past 18 years we have worked hard to become a key player in Spain and now is the time to take our business to the next level,” says Enrique Figueroa, Managing Director of Geotexan. “Being part of the BontexGeo group allows us to envision a future in which we have a stronger position and network to continue to grow.”
Geotexan will remain operational under the same name, within the BontexGeo group. Figueroa will remain in his current role to continue running the business with his team.