Verdane to acquire Re-Match for $33m.

Verdane, a growth equity investment firm, offered to acquire Re-Match, an artificial turf recycler, for $33m. “Today is an important milestone for Re-Match in our efforts to expand our unique, patented recycling process of worn-out artificial turfs which converts a massive, rapid growing, global waste problem into a sustainable business and job creation while significantly reducing plastic and CO2 pollution. Further, the Company will as a consequence of the public tender offer receive several capital injections during the next twelve months which we otherwise considered unattainable in the public markets under the current conditions. The fact that two reputable investors have come together with a funding plan for the Company, amounting up to DKK 235m, is considered a strong vote of confidence in Re-Match, the management team and the Company’s future growth potential. In conclusion, the Board finds the public tender offer attractive for all shareholders of Re-Match and also believe that a de-listing of the Company will enable a greater ability to execute on Re-Match’s strategy which includes investing in new factories and rapidly expand the Company’s factory concept globally,” Henrik Grand Petersen, Re-Match Chairperson.