Tensar Plans Initial Public Offering

According to the Forbes.com article:

During the six months ended June 30, Tensar losses narrowed to $5.9 million, from $6.9 million in the prior year. During the same period, the company boosted net sales to $108.3 million, from $67 million.

Tensar is based in Atlanta, GA and says it plans to use the net proceeds from the stock sale for repayment of debt. They plan to list on the New York Stock Exchange with the symbol TXC.