4th geosynthetics purchase since 2011.
Winston-Salem, N.C.-based Hanes Geo Components (HGC) announced in an Aug. 25 press release that it has acquired ERO-TEX, a distributor of geotextiles and erosion control materials located in Menomonee Falls, Wis.
The acquisition is the fourth for HGC in the past four years: Michigan-based Price & Co. (2011), CSI Geosynthetics (2012), and A&R Geosynthetics in Canada (2013).
ERO-TEX was founded by Scott Bordeau and Dan Salsinger in 2001. The company has concentrated primarily in the Wisconsin and Illinois markets. The press release said that Bordeau and Salsinger “will now lead Hanes Geo Components efforts to continue growing sales in this region.”
HGC president John Dowdell said, “…with its focus on distribution of geotextiles and erosion control products, ERO-TEX is an excellent operational fit with Hanes Geo Components … Scott and Dan will be outstanding additions to the Hanes Geo Components management team.”
Jerry Greene, president of Hanes Companies, said, “This acquisition [continues] our ongoing strategy to develop a North American distribution network for geotextile and erosion control products. Hanes Companies, and our parent company Leggett and Platt, are fully committed to growing our presence in this highly attractive market.”
The press release noted that HGC currently distributes geotextile and erosion control products through 34 North American locations. HGC is a business segment of Hanes Companies, a wholly owned subsidiary of Missouri-based Leggett and Platt Inc. With more than 19,000 employees at 130 locations in 18 countries, Leggett and Platt has recorded annual corporate revenues of $3.7 billion.