Tarkett, through its FieldTurf subsidiary, acquires the assets of Grassman, a leading Australian synthetic turf manufacturer
January 31 2018 - 11:59AM
PARIS-LA DEFENSE
(FRANCE), January 31st, 2018 - FieldTurf, a
Tarkett Sports company and a global market leader in artificial
turf, announces today the acquisition of the assets of Grass
Manufacturers Pty Limited (Grassman), a leading Australian
artificial turf manufacturer.
The acquisition of Grassman
expands FieldTurf's presence in the Australian market, in
particular in the field of hockey, tennis, landscape, and utility
segments, thus complementing applications for soccer and
rugby. Additionally, the acquisition will provide a strong
platform to serve field builders and contractors across
Australia.
"We are excited
to expand in the growing Australian market," said Eric Daliere,
President of Tarkett Sports. "Grassman, led
by its founder Gary Waterford, has been a true pioneer and
innovator in the synthetic turf industry. This acquisition
will significantly strengthen our ability to provide high-quality,
innovative products and to deliver an exceptional overall
experience to our Australian customers."
Grassman was founded in 1991 by
Gary Waterford and is located in Botany, New South Wales,
Australia. Grassman is accredited by the International Hockey
Federation (FIH), and their products are certified by the
International Tennis Federation (ITF). With over 30 employees,
Grassman sales amount to 15 million Australian dollars (approx.
€10m) of sales in 2017.
###
About Tarkett Sports
Tarkett Sports offers a comprehensive portfolio of sports flooring
solutions: FieldTurf artificial turf for baseball, American
football, soccer, rugby and golf; Beynon running tracks for outdoor
and indoor surfaces; synthetic and hardwood flooring for
basketball; floor protection and covering systems for gymnasium and
weight room, for volleyball, squash and racquetball courts.
About Tarkett
With net sales of more than €2.7 billion in 2016, Tarkett is a
global leader in innovative solutions for flooring and sports
surfaces. Offering a wide range of products including vinyl,
linoleum, carpet, rubber, wood & laminate, synthetic turf and
athletic tracks, the Group serves customers in more than 100
countries worldwide. With 12,500 employees and 34 industrial sites,
Tarkett sells 1.3 million square meters of flooring every day, for
hospitals, schools, housing, hotels, offices, stores and sports
fields. Committed to sustainable development, the Group has
implemented an eco-innovation strategy and promotes circular
economy. Tarkett is listed on Euronext Paris (compartment A, ISIN:
FR0004188670, ticker TKTT) and is included in the following
indices: SBF 120, CAC Mid 60. www.tarkett.com.
Investor Relations
Contact
Tarkett Alexandra Baubigeat Boucheron
alexandra.baubigeatboucheron@tarkett.com
Tarkett Media Contacts
Tarkett Group Véronique Bouchard Bienaymé
communication@tarkett.com
Brunswick tarkett@brunswickgroup.com Tel. : +33 (0) 1 53 96 83
83
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information contained therein.
Source: Tarkett via Globenewswire
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