Announced

Completed

TenCate Grass completed the acquisition of Sports & Leisure Group from Sun European.

Synopsis

TenCate Grass, an artificial turf solutions manufacturer, distributor, and installer, completed the acquisition of Sports & Leisure Group, a developer and manufacturer of artificial grass systems, from Sun European Partners, a private equity firm. Financial terms were not disclosed. “The acquisition of SLG further strengthens TenCate’s position in the main European markets. SLG’s subsidiaries Limonta Sport and Domo Sports Grass allow for TenCate to significantly expand its presence in Italy, the Middle East, Africa, Southeast Asia, and South America. Moreover, the diverse Outdoor Living brands under SLG will further reinforce TenCate's strategic position within this market segment. We have known SLG and its management for over a decade and have profound respect for the reputation and customer relationships that they have built. We see great opportunities in combining the quality of TenCate’s product portfolio and SLG’s geographical presence,” Michael Vogel, TenCate CEO.

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