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Tuesday, November 5, 2024

Glen Raven selling Strata unit to Indian firm

Glen Raven is selling its Strata geosynthetics products and related construction business to India-based Hella Infra Market Private Limited, which is an online marketplace for construction materials. The Burlington-based business had acquired Strata in 2007.

CEO Leib Oehmig called the sale part of a strategy to “focus on expanding our leadership in Glen Raven’s core markets and extending our brands into new spaces.” Strata makes a synthetic yarn product that helps reinforce soil for retaining walls, steep slopes and other uses. It has a global presence through its partner India-based Strata Geosystems.

Terms of the transaction weren’t disclosed. No job cuts are expected.

Glen Raven was founded in 1880 and now operates in 23 countries. Its brands include Sunbrella, Dickson and GlenGuard. It is owned by the Gant family.

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