The Board of The Tensar Group, owners of Tensar International, the market-leading producer of geogrids, has agreed to accept an offer from US Company, The Tensar Corporation, to purchase the company. The deal is expected to be completed within the next 4-6 weeks.
The Tensar Corporation is wholly owned by Arcapita, a global investment group, based in Atlanta, with corporate investments exceeding $1Billion. Arcapita acquired The Tensar Corporation last year in a deal worth $405Million.
The Tensar Corporation manufactures Tensar geogrids in the US under licence to The Tensar Group and markets these in North and South America. The Tensar Group manufactures Tensar products in the UK and China, supplying most other parts of the globe. Jim Paul CEO of The Tensar Group says: “This is a great opportunity. The offer comes on the back of our continued growth in sales and recent expansion of our manufacturing capacity. There are obvious benefits to be realised by combining the talents, knowledge and expertise of both organisations. We know the Tensar Corporation very well, they have a similar philosophy to our own”.
The offer from Tensar Corporation follows a record year for Tensar International with increased profits and sales growth of 14% over the previous year. Sales of Tensar products into the UK construction sector have remained strong, while significant growth has been gained from elsewhere in Europe.
The Tensar Group evolved from a management buy-out supported by venture capital providers 3i plc and Electra Partners Ltd. Jim Paul says: “We are grateful to our current investors who have been with us since 1994. They have been very supportive, providing the financial resources that have allowed us to expand and maintain our market leading position”.
The prospective purchasers have indicated their intention to retain all employees, facilities and operations. They intend to continue the growth and investment plans currently pursued by The Tensar Group.

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