Home / Knowledge / News / Textiles / TenCate takes strategic holding in TigerTurf
TenCate takes strategic holding in TigerTurf
05
Feb '09
TenCate intends to take a minority holding in the company TigerTurf. The acquisition process has reached a stage sufficiently advanced to justify expectations that the transaction will be completed shortly. TigerTurf has a focus on the Austral-Asian region and is a valuable geographical supplement to the TenCate strategic concept of end-user marketing in the synthetic turf market.

TigerTurf is a leading company in the international synthetic turf market, particularly in Australia and New Zealand. The company is a sales and marketing organization for sport pitches and landscaping. Hockey pitches, tennis courts and multi-sport systems, primarily for schools, form an important part of TigerTurf's sales. Its annual revenues amount to approximately € 50 million. The TigerTurf brand is regarded as a high-quality global brand in synthetic turf applications.

No financial details regarding the transaction will be made public. As a strategic associated company, TigerTurf will purchase an increased part of its requirements for yarns and backing from TenCate. The company has increased both its revenues and results substantially during recent years.

End-user marketing
TenCate's policy of taking strategic holdings in companies with direct access to the synthetic turf market fits into its strategy of exercising greater influence on the quality improvement and durability of synthetic turf systems through end-user marketing. TenCate aims to achieve good strategic cover with a wide product range by means of strategic holdings and commercial alliances.

In this context holdings were earlier acquired in Greenfields (20%) and Edel Grass (50%) and, prior to this, the company entered into a commercial alliance with FieldTurf Tarkett. There is also close commercial cooperation with several unnamed market parties. TigerTurf is geographically complementary to the existing strategic alliances.

Durability
TenCate makes every effort to enable these parties to provide high-quality, durable synthetic turf systems. The combination of know-how of components and systems, technology and access to end-markets is essential.

Another major objective is to increase the durability and safety of synthetic turf systems, while at the same time devoting attention to the removal and replacement of the product at the end of its lifespan in an environment-friendly and economically sound manner. A greater degree of co-operation throughout the value chain is of importance here.

Financing
The participation will be financed from existing credit facilities. As previously announced TenCate has a credit facility of € 400 million, with a remaining term of three years.

TenCate

Must ReadView All

Apparel/Garments | On 22nd Feb 2017

Amazon UK to create 5,000 full time jobs this year

Amazon UK said it will create more than 5,000 full time jobs this...

Textiles | On 22nd Feb 2017

Telangana CM seeks better life for handloom weavers

Chief minister of Telangana, K Chandrashekhar Rao assured handloom...

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search