摘要: |
Hanes Geo Components, a wholly-owned subsidiary of Leggett & Platt, Inc. has reached an agreement to acquire the majority of the business and assets of Edmonton, Alta., Canada-based Nilex Inc. and its wholly-owned subsidiary Nilex USA Inc. with a view to continue to operate Nilex's business on a going-concern basis. Under the proposed agreement, Nilex's Canadian operations will be consolidated under Terrafix Geosynthetics, Inc. The transaction is subject to court approval in Canada and the U.S. Nilex's U.S. operations will be consolidated under Hanes Geo Components, strengthening both companies' ability to service the Colorado and Utah markets. Founded in the 1970s, Terrafix and Nilex were both pioneers in the distribution of geosynthetic materials. Terrafix Geosynthetics, a wholly owned subsidiary of Leggett and Platt, has acquired Ottawa, Ont., Canada-based Geosynthetics Systems. Geosynthetic Systems specializes in the distribution of products used for erosion and sediment control, drainage and stormwater management, construction, gabion systems, engineered walls and landscaping. |