Strata Systems, Inc. Announces Partial Acquisition of Equity in Geo Solucões, Ltd. Brazil

Oct. 3, 2013 - PRLog -- Cumming, GA, USA – Today, Strata Systems, Inc., a Glen Raven company and manufacturer and marketer of soil reinforcement products, announced its acquisition of 50% of the equity in Geo Solucões Ltd. of Brazil.

With offices in Sao Paulo and Rio de Janeiro, Geo Solucões Ltd. is a Brazilian geotechnical solutions company that designs and builds advanced soil reinforcement structures including retaining walls, soil nailing, slope protection and foundation piling systems. 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. Ultimately, the venture will offer a full range of Strata-branded geosynthetics for distribution throughout Brazil. Strata will also explore opportunities to introduce other successful Glen Raven products into South America.

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

The 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 name of the Brazil-based company, now named Geo Solucões, a Strata Company.

To learn more about Strata Systems, Inc., visit www.geogrid.com

About Strata
Strata is owned by Glen Raven, Inc., a world leader in technical fabrics with manufacturing in the U.S., China and France of numerous established brands including Sunbrella®, GlenGuard® and MineMesh®. Strata is a 20-year-old U.S. company, globally recognized for its soil reinforcement geogrid – Stratagrid® – as well as other branded solutions including Sleeve-it™, StrataSlope®, StrataWeb® and StrataBase®. Stratagrid is manufactured in India and the U.S., and is distributed in many countries as a premium quality, knitted polyester geogrid.

About Geo Solucões Ltd.
Geo Solucões has been in business for twelve years and has developed full engineering and execution capabilities that deliver cost effective geotechnical solutions by patenting, designing and implementing a broad variety of geotechnologies. Focused on the continuous offering of innovative activities and solutions, Geo Soluções has achieved a prominent position in the South American geotechnical market.