# Waterland acquires majority stake in BontexGeo

Waterland acquired a majority stake in BontexGeo, a leading supplier of geosynthetics products headquartered in Zele, Belgium. The existing management team stays on board and reinvests alongside minority shareholder Adfil NV.

- Type: Acquisition
- Announced: 2021-09-29
- Where: Zele, Belgium
- Status: completed
- Products: geosynthetics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Waterland](https://endata.com/companies/10852.md) (acquirer)
- [Adfil NV](https://endata.com/companies/40365.md) (investor)
- [BontexGeo Group](https://endata.com/companies/55015.md) (target)

## Sources

- [argo-law.be](https://www.argo-law.be/news/argo-assisted-waterland-on-the-acquisition-of-a-majority-stake-in-bontexgeo/), 2021-09-29: "Argo assisted Waterland on the acquisition of a majority stake in BontexGeo."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.