TenCate intends to alienate its since 2008 existing 50% interest in Edel Grass B.V. – a producer and supplier of synthetic turf sports systems and landscaping products in the European market – to Oranjewoud Realisatie Holding B.V., a subsidiary of Oranjewoud NV. In the opinion of the parties involved it is in the interest of Edel Grass that the shares are held by one shareholder. The expectation is justified that the transaction will be fully completed by the end of 2016. Financial details are not provided.
Synthetic turf fiber producer TenCate Grass is the global market leader in the development, production and sales of fibers for synthetic turf. On the end markets for synthetic turf sports systems and landscaping solutions TenCate Grass carries the brands GreenFields and TigerTurf.
Royal Ten Cate
Almelo, the Netherlands, Friday, November 4, 2016