The Netherlands-based Royal Ten Cate has signed an agreement to acquire the geosynthetics
activities of Malaysia-based Emas Kiara Industries Berhad — a full-line producer and supplier of
geosynthetic products and solutions to the Asian market — for an undisclosed amount. The
transaction is expected to close in early 2011.
Royal Ten Cate’s TenCate Geosynthetics business currently has production activities in
Malaysia and China and participates in markets throughout Asia. According to the company, the
acquisition of Emas Kiara Industries Berhad’s production capabilities, employees, and product
brands will improve the business’s position to supply geosynthetics solutions to the rapidly
growing Southeast Asian markets and will double its geosynthetics revenues in the region.
“Emas Kiara Industries has done an excellent job of developing their geosynthetic activities
in Asia, and we are pleased to combine our efforts to provide unmatched capabilities and solutions
to this important market,” said Wally Moore, global group director, TenCate Geosynthetics. “This
strengthening of our market position is integral part of the Asia strategy of TenCate.”
Emas Kiara Industries Berhad will continue its construction and installation activities with
exclusive product supply support from TenCate Geosynthetics.
November 17, 2010