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.