Shaw Industries Group has acquired synthetic turf maker Sportexe Construction Services Inc. The acquisition brings together Shaw’s TerraSport sports turf and TerraSoft recreational surfaces brands, sold under the Spectra Sports Surfaces division, with Sportexe’s current product offering. Terms of the deal were not disclosed.
“We are very pleased to have Sportexe joining Shaw Industries. The turf market offers exciting opportunities for us,” said Vance Bell, Shaw Industries CEO. “We intend to be a fully integrated producer from manufacturing through installation. With the combined strengths of these two companies, we look forward to accelerated growth in the synthetic turf market.”
“Joining Shaw will give Sportexe the financial support and resources needed to boost the company to the next playing level,” added Stephen P. Noe, president and CEO of Sportexe. “The combined strength of the two companies will allow Sportexe to continue delivering great service to its clients both before the sale, during the installation and throughout the ownership experience. It will also ensure we give athletes the best platform on which to play their game.”
Shaw buys turf maker Sportexe
December 11, 2009