Tensar Corporation announces the sale of its Tensar Polytechnologies Inc. assets and business
ATLANTA, Ga. – July 31, 2012. Tensar Corporation (“Tensar”) announced today the sale of its Tensar Polytechnologies Inc. (TPI) assets and business to Conwed Plastics, LLC for an undisclosed amount.
TPI manufactures and distributes Light Weight Oriented Net (LWON) which is used in the manufacturing of erosion control blankets, carpet padding and numerous other industrial products.
“This sale will enable Tensar to focus our US production capacity on our more strategic and rapidly growing Geogrid business, thus increasing our service capabilities for our customers” stated Don Meltzer, President and CEO of Tensar.
About Tensar Corporation
Headquartered in Atlanta, Tensar Corporation is a full-service provider of specialty products and engineering services that offer innovative and cost-effective alternatives to traditional construction methods. Tensar solutions are based on advanced soil reinforcement technologies and incorporate proprietary, engineered applications for commercial, industrial, municipal, residential and transportation infrastructure site development. The company specializes in solutions for common site development challenges, including grade changes requiring retaining walls and poor soil conditions affecting the cost of roadways, parking lots and building structures. Patented, polymeric Tensar® Geogrids and Tensar’s Geopier® foundation reinforcement piers are the primary components of the company’s systems, offering reliable strength and durability. Contracted services include site evaluation, conceptual engineering, design, value engineering and installation advice. For more information, visit http://www.tensarcorp.com.