Solmax acquires U.S. geosynthetics manufacturer Propex
Clients Groupe Solmax Inc.
Jones Day served as antitrust and financing counsel to Groupe Solmax Inc. (Solmax) in the acquisition by Solmax of Propex Operating Company, LLC, a leading geosynthetics manufacturer with a long track record in the construction, transportation, mining, and automotive industries. The financing consisted of an incremental term loan amendment to Solmax's senior secured credit facility arranged by Barclays Bank PLC and TD Securities (USA) LLC. With this transaction, Solmax increases its scale and expands its capacity to serve customers, particularly in the United States.