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Strata acquires 50% equity in Geo Solucões

October 2nd, 2013 / By: / Industry News

Opportunities in South American markets with World Cup, Olympics

In a Sept. 30 press release, Strata Systems Inc. announced that it has acquired 50% of the equity in Brazil-based Geo Solucões Ltd.

Geo Solucões, a 12-year-old company with offices in Sao Paulo and Rio de Janeiro, designs and builds advanced soil reinforcement structures including retaining walls, soil nailing, slope protection, and foundation piling systems, according to the release.

Cumming, Ga.-based Strata, a division of Glen Raven Inc., is a manufacturer and distributor of soil reinforcement products for MSE retaining walls, reinforced slopes and embankments, and load support applications

The press release said that the partnership with the South American company “is designed to capitalize on the area’s planned growth in infrastructure, including its participation in the 2014 World Cup and 2016 Olympic Games.” The venture will offer Strata-branded geosynthetic materials for distribution throughout Brazil and will also explore opportunities to introduce other Glen Raven products into South America, the release said.

“The partnership with Geo Solucões fits perfectly with Strata’s mission,” said Strata president Chip Fuller. “Both companies are dedicated to creating innovative soil reinforcement solutions and products. Additionally, the skill sets and management team of Geo Solucões give a great boost to Strata’s global expansion plan.”

The press release noted that “[this] venture continues Strata’s worldwide growth and augments the success of its other joint venture company, Strata Geosystems India Pvt. Ltd., located in Mumbai, India.”

The new affiliation will also be reflected in the revised name of the Brazil-based company—Geo Solucões, a Strata Company.

For more information: Strata Systems Inc.

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