Ambienta platform company Officine Maccaferri acquires Synteen Technical Fabrics, strengthening its presence in North America
- Officine Maccaferri announces the acquisition of Synteen Technical Fabrics, a leading U.S.-based manufacturer of high-strength polyester geogrids and fabrics.
- The acquisition strengthens Officine Maccaferri’s foothold in the geosynthetics segment in North America, a highly strategic market for the Group's international growth.
- Synteen’s innovative products play a key role in advancing the transition to sustainable low-emission engineering solutions for the infrastructure market.
Ambienta SGR S.p.A. (“Ambienta”), one of Europe's leading and largest asset managers entirely focused on environmental sustainability, is pleased to announce that its platform company Officine Maccaferri S.p.A. (“Maccaferri” or the “Group”), a global leader in environmental engineering solutions, has acquired Synteen Technical Fabrics Inc. (“Synteen”), an established U.S.-headquartered company developing and manufacturing geosynthetics for the infrastructure sector.
Founded in 1998 in Lancaster, South Carolina, Synteen offers a broad portfolio of high-performance geosynthetic products, such as geogrids and high-strength polyester fabrics. These products are designed to enhance soil reinforcement, improve ground stabilisation, and support civil engineering and construction projects. The longer durability of Synteen’s products has a positive impact on resource efficiency through extended infrastructure lifespan in areas such as highways and similar road and railroad projects.
Synteen supports the development of major infrastructure projects including for instance geosynthetics applications for roads and highways across North America with clients including federal agencies such as the United States Forest Service and the Federal Highway Administration. Synteen’s product portfolio of low-emission and environmentally-friendly solutions for the geotechnical industry contribute to both Resource Efficiency and Pollution Control under Ambienta’s Environmental Impact Assessment (EIA) framework, which is used to help direct investment decisions.
Based on Ambienta preliminary estimates, the addition of Synteen contributes to over 1,300,000 tons of Materials Saved and to ca. 18,500 tons of CO2 Emissions Reduced.
The global construction and infrastructure market is worth €12tn, with the infrastructure market responsible for 5% of global CO2 emissions, the majority being driven by the impact of construction materials (Source: Bain/Ambienta). The market exhibits continuous growth, supported by several fundamental drivers including the growing share of urban population, the need for new infrastructure in developing markets, the upgrading of existing infrastructure in developed economies, and the increasing impact of climate-related hazards. In this context, the consolidation of the Group’s presence in North America will contribute to strengthening Maccaferri’s geosynthetics division in a geographically strategic market where the Group’s turnover has doubled over the last five years.
Maccaferri has continued to expand its role as a global leader in this space, with its over 3500 employees across 70 subsidiaries and over 20 factories delivering engineering solutions in more than 130 countries. Since Ambienta’s involvement in early 2024, revenues have grown from EUR 600m to almost EUR 700m, with a double-digit EBITDA margin. Ambienta has sought to help scale the business internationally through organic and external growth as well as through the introduction of a new senior leadership team, led by the recent appointment of Stefano Susani as new Group CEO and Fabio Roppoli as Group COO.
Stefano Susani, CEO at Officine Maccaferri, commented: “The acquisition of this long-established company is a major opportunity to strengthen our presence in North America and accelerate our sustainable growth path. With the new manufacturing hub, which will allow us to further expand our offering, we will be able to meet our customers’ growing demand for more sustainable and resilient infrastructure even more effectively. This investment is the latest example of Maccaferri’s efforts to be recognised as a global leader in sustainable solutions for the infrastructure sector.”
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