Royal Ten Cate is currently discussing a possible acquisition of the synthetic turf activities of Mattex Leisure Industries ("Mattex"). Mattex is a Dubai based producer of synthetic turf fibres, which in a short period of time acquired a market share based on a sharp price policy.
In Europe its sales are predominantly related to soccer.
TenCate is following a "buy and build" strategy, where acquisitions are investigated from time to time. As a result initial discussions take place. The discussions with Mattex are not in a stage that a successful completion of a possible transaction can be expected.
TenCate is following a general practice not to react on speculations and rumours. Therefore no further reaction is given. This announcement is a comment on a publication in a weekly regionally published magazine, which is seen by TenCate as premature. No reaction will be given regarding the content of this article.