M&A

M&A

Construction materials marketplace Infra.Market to acquire Strata Geosystems for Rs.910-Cr

Advisor Release  

Thane-based Infra.Market, a business-to-business (B2B) construction material business operated by Hella Infra Market Pvt Ltd, is to acquire majority ownership in Mumbai-based Strata Geosystems (India) Pvt Ltd at an enterprise value of INR 910 crore from US-based Glen Raven Technical Fabrics LLC and other India-based shareholders. The transaction also involves Strata India purchasing 100% stake in the geosynthetics business of Glen Raven in the US. Avendus Capital was the exclusive sell-side Transaction Advisor to the shareholders of Strata. Strata is an early entrant in the technical textile industry and aims to be a global player in geosynthetic manufacturing, specialising in soil reinforcement technology. Narendra Dalmia (Chief Executive Officer) and Gautam Dalmia (Chief Development Officer) of Strata India will continue to remain invested and lead the global operations at Strata.