Civil engineering supplier Geofabrics Australasia has acquired industrial products business Plascorp Holdings, creating what Geofabrics says is one of the largest privately-owned manufacturers and sellers of highly engineered industrial products in Australia and New Zealand.
“Plascorp will continue to operate as a stand-alone business with its own leadership team and Geofabrics looks forward to sharing our expertise in R&D and innovation, access to a deep project pipeline and a diversified product range,” said Dennis Grech, Geofabrics’ group managing director, in a statement on Tuesday.
“This is a very significant milestone for Geofabrics and Plascorp. Both companies are leaders in Australian manufacturing and leaders in providing innovative and local solutions to a diversified customer base across multiple segments.
“Together, the combination of Geofabrics and Plascorp brings to market a business that provides our customers a broad range of geosynthetic and industrial solutions, using local and recycled content, Australian R&D and the creation of local jobs.”
Geosynthetic products company Geofabrics operates factories at Albury, Victoria and at Ormeau, on Queensland’s Gold Coast.
Plascorp makes products including PVC pipe, mine ventilation and steel reinforcement.
Geofabrics began in Australia as a supplier in 1978, and began manufacturing at Albury in 1987.
More recently, Geofabrics has begun using recycled plastics in its products, such as green versions of paving fabric Sealmac, bidim geotextiles, and Megaflo drainage systems.
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