Baltimore's SynTec acquired for $10M

SynTec LLC, a Baltimore maker of liners for landfills, among other drainage and soil reinforcement products, has been bought by a Houston-based company.

GSE Holding Inc. (NYSE: GSE) paid $10 million in cash for privately held SynTec.

SynTec’s cofounders, CEO Giovanni Capra and Executive Vice President Aigen Zhao, will remain with GSE after the deal closes. SynTec has about $20 million in annual revenue.

“The addition of SynTec highlights our focus on identifying and completing highly-strategic…