The Tensar Corporation has agreed to purchase Tensar Group Limited 3i Group Plc., Electra Partners Limited and TGL management for $129 million.
TGL invented the Geogrid in 1952, which is used worldwide for soil stabilization and reinforcement in road construction and site development applications.
“The combination of the respective strengths of Tensar and TGL will create numerous cross-selling opportunities and significant synergies,” says Phil Egan, president and CEO of The Tensar Corporation