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Home arrow GeoNews arrow Browse by Category arrow Miscellaneous arrow Tensar Plans Initial Public Offering
Tensar Plans Initial Public Offering Print E-mail
Written by Randy Post   
Monday, 10 September 2007
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Tensar Corp., makers of geosynthetic products for the construction industry, including geotextiles, geogrid, and geocomposite drains, has filed the paperwork with the SEC for an initial public offering (IPO) of common stock that could have an offering price of over $200 million. [more...]

According to the Forbes.com article:

During the six months ended June 30, Tensar losses narrowed to $5.9 million, from $6.9 million in the prior year. During the same period, the company boosted net sales to $108.3 million, from $67 million.

Tensar is based in Atlanta, GA and says it plans to use the net proceeds from the stock sale for repayment of debt. They plan to list on the New York Stock Exchange with the symbol TXC.

 

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Last Updated ( Monday, 10 September 2007 )
 
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